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U.S. savings bonds rate fall

The Bureau of Public Debt on Tuesday released the new rates for savings bonds purchased between November and the end of April.

The Series I bond rate for the next six months will be 3.06 percent, down from 4.60 percent for the previous six-month period. The inflation-protection bond is made up of two rates: a fixed rate for the life of the 30-year bond and an inflation rate that is adjusted every six months. The fixed rate remains set at zero, while the annualized inflation rate of the bond is 3.06 percent.

New Series EE bonds purchased in the next six months will pay a fixed rate of 0.60 percent. That's down from 1.10 percent for bonds purchased in the past six months.

Eileen.ambrose@baltsun.com

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