Series I bonds could fall below 5% in May. Here's the best time for long-term investors to buy.
The annual rate for newly purchased Series I bonds could fall below 5% in May, which is lower than the current 5.27% on new purchases through April 30.
Based on the last six months of inflation data, the variable portion will fall from 3.94% to 2.96% in May. The fixed-rate portion is harder to predict, but experts say it could stay close to 1.3%. By contrast, the variable rate stays the same for six months after purchase, regardless of when the Treasury announces new rates. After that, the variable yield changes to the next announced rate.If you want more I bonds, "it's probably a better bet to buy before the end of April and lock in that higher rate for six months," according to David Enna, founder of Tipswatch.
Enna expects the fixed rate will be 1.2% or 1.3% in May, based on the half-year average of real yields for 5- and 10-year TIPS.
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