New series "I" savings bond rate

[RWG1950]

The U.S. Treasury has announced the new annualized rate on series "I" savings bonds is 4.03% on new purchases for the six month period 11/1/25 - 4/30/26.
This rate includes a fixed component of .90% for the life of the bond.
For more information on "I" bonds go to TREASURYDIRECT.GOV

[FEDUKE404]

Been there. . .done that.
Got out of my I bonds within a couple of years of purchase. (Yes, there was an interest "penalty" for doing so.)
At this stage in my life, I don't need what really amounts to a 30-year bond with some gimmicks.

[Rapid Robert]

I think some of us (including me) have posted repeat comments on each previous 6-month change date. My spouse and I each have a $10K I-bond with the recent 1.3% fixed rate component. For us, these are just like 6-month bank CDs. But with two big advantages - tax free for state, and just as important, we don't have to deal with time wasting and aggravating visits in person to the bank, we can handle everything online, including closing them if desired.

Don't forget this handy site:

https://www.eyebonds.info/ibonds/index.html

[FEDUKE404]

I think some of us (including me) have posted repeat comments on each previous 6-month change date. My spouse and I each have a $10K I-bond with the recent 1.3% fixed rate component. For us, these are just like 6-month bank CDs. But with two big advantages - tax free for state, and just as important, we don't have to deal with time wasting and aggravating visits in person to the bank, we can handle everything online, including closing them if desired.

Don't forget this handy site:

https://www.eyebonds.info/ibonds/index.html

Agree on this recurring thread re I-bonds.
For the record, I have a Treasury Direct account, and I can purchase T-bills (from 4 weeks to 52 weeks length) in less time than it took me to read your post. Money automatically goes in / out using my bank account, and of course the interest is free of state income tax. Longer term instruments are available on the same web site.
Quite frankly, I don't recall the last time I set foot in a bank.

FE

[Rapid Robert]

course the interest is free of federal income tax
FE

Wait, what?

I thought it was this way: fed debt interest income is tax free to states, and state/local-level muni interest income is tax free to fed.

[FEDUKE404]

Wait, what?

I thought it was this way: fed debt interest income is tax free to states, and state/local-level muni interest income is tax free to fed.

Sorry for my error. Post has been corrected.
FE