Urgent Update: May 2022 I bond inflation rate to be 9.62%!
Are you searching for greater interest rates to grow your money?
If yes, then US Series I Savings Bonds might be exactly what you’re looking for!
- If you plan to buy I bonds this year you probably want to do that by April 28th!
The April 2022 I bond inflation rate is 7.12% (US Treasury) which is 3.56% earned over 6 months. Your $100 investment becomes $103.56 in just 6 months!
What’s even more important is that the May 2022 I bond inflation rate is going to be 9.62% (based on CPI data released April 12).
This combined rate comes to 8.54% over the next 12 months!
(but only on existing I bonds, or purchases made by April 28)
We are also keeping a close eye on the latest CPI-U numbers, which you will see below determine the inflation rates for I bonds.
keilfp.com/blogpodcast/i-bond-rate-november-2021-to-april-2022/
www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm#irate
h/t Frammmis