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The U.S. Department of the Treasury set a new Series I savings bond composite rate of 4.26% Thursday for bonds issued from May 1 through Oct. 31, keeping the fixed-rate piece at 0.90% as the inflation-linked portion ticked higher.
CNBC reported the new 4.26% rate replaces the prior 4.03% offer that ran through April 30, and that the Treasury’s formula rounds the combined figure. The updated composite rate reflects a 3.34% variable component tied to inflation data plus the unchanged 0.90% fixed component.
I bonds are designed to help protect cash from inflation while still paying interest. Holding the fixed rate at 0.90% means new buyers lock in that piece for …
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