Return on I Bonds Drops to 4.3%, but They May Now Be a Better Long-Term Investment

The interest rate on I bonds is now 4.3%, down from 6.89%, the Treasury Department said Friday.

The new rate will apply to I bonds purchased for the next six months. Though it is less than half the 9.62% offered last year, when the inflation-adjusted savings became so popular that investors crashed Treasury’s website, financial advisers say they may now be a better bet for the long term.