Interest Rate Rises for New Series EE Bonds

U.S. Series EE Savings Bonds issued between now and Oct. 31 will earn a fixed annualized interest rate of 3.7% for their life, up from 3.2% on bonds issued in the previous six months, the Treasury said Monday.

The Treasury changes the rate on new bonds every six months, based on market interest rates.

The annualized rate on Series EE bonds issued from May 1997 through April 2005 will be 4.11% for the next six months, up from 3.61% in the previous six months. Those bonds earn a floating rate of interest that the Treasury adjusts every six months.

Newly issued Series I Savings Bonds will earn an annualized rate of 2.41% for the next six months, the Treasury said. Series I bonds’ returns are adjusted for inflation. The 2.41% return includes a 1.4% fixed rate of interest plus a 1% adjustment for recent inflation as measured by the consumer price index.