Submitted by chriberg t3_yj9tld in personalfinance
Includes a 6.48% inflation component, which will apply to all bonds for 6 months, and a 0.4% fixed rate, which will apply for the life of bonds purchased between now (November 2022) and May 2023.
Edit for clarity: The 0.4% fixed rate will apply for bonds purchased between November 1, 2022 and April 30, 2023. Also, the extra 0.01% (6.48% + 0.4% + 0.01%) comes from the fact that it's 0.4% plus 0.4% * the semiannual inflation rate, so you get an extra 0.01%. In a year, that's a whole extra dollar!