No. of Recommendations: 2
I must say, I'm surprised. The inflation rate is in line of what we were expecting (mmaybe a bit low, but no one expected over 1%). What is intriguing is that not only is this the first time I-bonds have ever come in below, or even close to, EE bonds, we're talking losing out by almost 1.4%.

I'm reading this as an ominous sign (eh, Charlie?). They think inflation is going through the roof, so they don't dare go over the 2% fixed rate, even though they probably won't be selling a whole lot of I-bonds.

And, to anyone who is excited about having gotten an I-bond before the rate change, don't forget in 6 months you'll be getting 2.57% for the following 6 months, unless you cash in and lose 3 months interest and pay your taxes. Glad I stuck to CDs.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.