New Series "I" savings bond rate

[RWG1950]

The new annualized 6-month series "I" savings bond rate is 5.51% effective 11-1-26 thru 4-30-27.
This new rate includes a 1.40% fixed component for the life of the bond.
For more info on this go to TREASURYDIRECT.GOV

[AusTaxCPA]

Thank you for the information.

[RWG1950]

I neglected to mention that this new rate applies only to new money invested during the six-month term specified in my post.
On older bonds, their original fixed component % (if any) will apply, but the new 4.11% annualized 6 mo. inflation rate will
kick in at some point during this next 6 mo. renewal period.

[Rapid Robert]

This new rate includes a 1.40% fixed component for the life of the bond.

The 1.4% fixed is the highest it's been since 2006, and most of that time it was well below 0.5%, with a lot of zeros.

There is a helpful web site showing current and historical rates, along with actual dollar amounts, at: https://www.eyebonds.info/

I really wish there was a standard way (e.g. a code) to report the election to pay tax on the interest earned annually, instead of all of it when redeemed. I guess if audited, all one could do is produce copies of previously filed Schedule Bs showing the amounts included in income with free-form descriptions.