Category: Bonds
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I Bond Rates Decline to 4.3%, Higher Fixed Rate Brings Long-term Advantages
Despite a decrease in I Bond rates to 4.3% as a result of lower inflation, long-term savers have reason to be optimistic. The Treasury Department’s Bureau of Fiscal Service has recently disclosed that a higher fixed rate of 0.9% will apply to I Bonds purchased from May through October, 2023 a significant increase from the…