Experts Predict Potential Rise in Series I Bond Rates to Over 5%

Financial experts predict that the annual rate for newly purchased Series I bonds could rise above 5% in November, making it the fourth-highest yield since the bonds were introduced in 1998. The variable rate, which is adjusted every six months based on inflation, is expected to increase to 3.94% in November. The fixed rate, which is harder to predict, is anticipated to rise based on higher yields from 10-year Treasury inflation-protected securities (TIPS). Long-term investors in I bonds could be significantly impacted by the fixed rate increase.