I Bonds - New Rate Effective May 1, 2016

I wrote a post last week detailing the rates on US Savings Bonds; this post is a follow up as the new rates have been offically posted by TreasuryDirect as of May 1, 2016 effective until the end of October of this year.

New Rates

I Bond - 0.26 % adjusted every six months

EE Bonds - 0.10 % fixed for 30 years

Both bonds pay interest for 30 years from issue date.

Rates on the I Bonds dropped from the previous six months significantly, so the current six month rate is not very appealing at the moment.

You can get a better rate shopping for CD's via Bankrate.com

Dan Iuculano