Ukraine's First Grain Shipment in Months Leaves Port; Putin Says Navy Will Be Armed With Hypersonic Missiles
While borrowing will become more expensive, those higher interest rates will reward savers. Still, it may be some time before those returns compete with inflation. Yet those rates are not pegged to the Federal Reserve. Instead, they are based on government inflation data. So as the Fed gets inflation down to 2%, I bonds will also go down to that level, though it will not happen overnight, he said. A new annual rate on Series I bonds is set to be announced in November.and require you to commit to holding your money for one year. Plus, you will pay a penalty if you sell within five years.
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