New I Bond Rate Set at 6.48% for Bonds Purchased November 1, 2022 – April 30, 2023

The latest recalculation of I Bond rates is out and it’s set at 6.48%.

The 6.48% will be the rate of return for I Bonds purchased during the following six-month period – November 1, 2022, through April 30, 2023.

And, of course, the 6-month rate of return for current I Bond holders once their current rate ends.

If you’ve not yet purchased an I Bond, you may want to consider buying now, prior to November 1, 2022.

The current rate of return for I Bonds is 9.62%. I Bonds purchased now through October 31, 2022, will receive the 9.62% for the first six months, and 6.48% for the following six months. Buying now would provide I Bond investors an 8%+ return over the next year…the period during which you must hold an I Bond.

We’ve written about I Bonds a few times over the past year…you can read our last post which provides details on I Bonds and how to buy at this link.

They remain one of the best investments in a very unstable investing landscape.

Although, U.S. Treasurys are gaining some ground and might want to be considered as well. Especially if you are an investor closing in on retirement age, are retired, or want to invest more than $10,000 (the maximum amount per person, per year that can be invested in I Bonds).

The next recalibration of I Bond rates will be April 2023, with new rates for the following 6-month period likely announced mid-April. Where the inflation rate will be is anyone’s guess in this economic environment, but it’s likely to still be increased, thus keeping I Bond rates above what other safe investments – savings accounts, money markets, certificates of deposit, and possibly even Treasurys – are offering.