Investing
I Bond Yields Are Set to Drop Next Month
Interest rate on popular savings tool is expected to fall to 6.47% as of Nov. 1, down from a record 9.62%.
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Photographer: Bing Guan/BloombergThis article is for subscribers only.
Yields on popular Series I savings bonds — intended to protect consumers against price increases — are likely heading down even as inflation continues to surge.
The new yield for I bonds purchased after the end of October is now estimated to be 6.47%, down from a record 9.62%. The rate is linked to the change in inflation over the six-month period from March to September which, while elevated, slowed from the previous half-year stretch.