It’s interesting that they raised the fixed rate portion to 0.4%. That means that despite the higher initial rate last period (pre-Nov), new I-bonds will do better overall at maturity. I suppose that in 5 years, we will all have to consider redeeming our old I-bonds (0%), and replacing them with I-bonds at a higher fixed rate (if it still exists at the time, and if possible due to purchase limits).
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