This is just a quick note to say that the Treasury has posted the new Series I Savings Bond rates. As I noted previously, the variable portion of the rate dropped from 3.06% to 1.54% as a result of lower inflation. At that time, however, the fixed portion of the rate was still unknown.
Well… TreasuryDirect updated their website with the new fixed rate within the past hour, and guess what? It dropped slightly from 0.3% to 0.2%. That means that new purchases between now and November 1, 2010 will receive a total annualized rate of 1.74%. It also means that I don’t have to regret pulling the trigger right before the rate updates were announced.