When do we find out what interest rate is for I bonds this month?

Question

.....or do you already know?

Answer 1

If you are buying a new one, you are looking at an annualized 3.74% rate until October 31st, 2007. The variable portion (determined by the inflation rate) will then reset.

If you have already have an I bond, the interest rate was just adjusted down by 34 bps (0.34%) on May 1st, due to the variable portion. This new rate will be in affect until October 31st, 2007.

Hope this helps, please let me know if this does not fully answer your question!