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Treasury Department announces new I bond rate of 3.11 percent

The US Treasury Department has announced a new Series I bond rate of 3.11% for the next six months, effective from February 22, 2024. I bond rates consist of a variable rate, which is tied to inflation and remains fixed for six months post-purchase, and a fixed rate that does not change after purchase. Rate adjustments occur every May and November, with the variable yield shifting to the next announced rate after the initial six-month period.
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