New series "I" savings bond rate effective 11-1-23

[FEDUKE404]

It should be noted that rate is only for NEW bonds purchased in the time period.

I thought the "inflation rate" varied every six months for all I-bonds, and the underlying interest rate (30 years?) on date of issue remained constant.

Stated differently, the semi-annual interest payments for everyone would vary based upon the applicable inflation rates.

Are you saying that whatever rates (bond rate + inflation adjustment rate) in effect at the time of original purchase remain CONSTANT over the entire life of the bond?

[kathyc2]

It should be noted that rate is only for NEW bonds purchased in the time period.

[RWG1950]

The Treasury Direct website has posted the new series "I"- savings bond rate for the six-month period of 11-1-23 / 4-30-24 to be 5.27%
This rate includes a fixed rate of 1.30% and an inflation adjusted annualized rate of 3.97%.
You can learn more about series "I" savings bonds at TREASURYDIRECT.GOV