New I bonds offer 4.3%

New interest rates for I bonds are out. The interest rate is 4.3% for the next 6 months. The fixed rate is 0.9%, up from 0.4% in the Nov 2022 to Apr 2023 period. This fixed rate will be available to you as long as you buy the new bond. The remainder will vary with inflation.

There are good and bad on I Bonds, as covered here and here. The good news is measured inflation is coming down. If you had to compare with 10 yr Treasury Inflation Protected Securities, the yield is currently 1.329%. TIPS are not guaranteed to return positive principal, unlike I bonds.

CNBC 10 yr TIPS rate as of 5/1/2023

Between SoFi, Apple Savings, I Bonds, TIPS and CDs, the environment for saving is the best it has been in years. Keep in mind the idea of money flows, money lakes, emergency savings lakes, and debt lakes, which we wrote about here. It’s not as good as the 9.18% YTD return on the S&P 500, better than the 3.52% YTD return of the Dow, or the high flying QQQ YTD return of 21.32%. Those carry risk of loss. It’s good to have both.

Happy saving!

Sincerely yours,


Copyright © 2023 smilingdad. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of smilingdad, its owners, sponsors, affiliates, or subsidiaries.

Published by smilingdad

My story is one of tragedy and redemption. We've made many mistakes along the way regarding our money. Our goal here is to show you how to take care of your money life long, and as much as we can, help the Earth along the way. I call it sustainable personal finance and ethical capitalism. Currently, I am a part time writer for Cleantechnica and part-time licensed financial professional, along with being a full-time dad.

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