Treasury Department notify new Series I bond rate of 6.89% for the next six months 

Treasury Department notify new Series I bond rate of 6.89% for the next six months 

I bonds were introduced in 1998 and TreasuryDirect notify new rates in the month of May and November

Series I bonds are concerned an risk free asset and inflation protected

Series I bonds will pay 6.89% through April 2023

Investors may lock in this rate for six months by purchasing before the end of April

I bond rate of 6.89% is a very competitive rate compared to other alternatives

I bond are backed by the U.S. government and do not lose its value

I bond are earn monthly interest with two parts fixed rate as well as variable rate

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