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Barrons.com
You Should Have Waited. The New I Bond Rate Is More Attractive.
Individual investors rushed to purchase series I Treasury inflation-linked savings bonds last week, before a Friday deadline to get a 9.6% interest rate for the first six months. Investors were so eager to get the juicy rate that the TreasuryDirect website struggled under the traffic last week. Yet the new rate structure for I Bonds actually is more attractive, even though the rate of 6.89% for the first six months, announced earlier Tuesday by the Treasury, is lower, Barron’s estimates.
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