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I Bonds Set To Pay 9.62% Through October 2022 Thumbnail

I Bonds Set To Pay 9.62% Through October 2022

We've recently highlighted the potential benefits of I Bonds in lessening the bite of rising inflation on your savings.  I Bonds, issued by the U.S. Treasury, earn a fixed interest rate plus a variable interest inflation rate that’s adjusted twice a year.

The most recent adjustment to the inflation-linked component of I Bonds came at the beginning of May when the Treasury Department announced a record yield of 9.62%, the highest since their inception in 1998.

The bonds have specified purchase limits, restrictions, and tax treatments, so they generally only play a limited role in your financial picture but they certainly offer attractive benefits.

If you have money parked in cash deposit accounts and do not have a need for the money in the next 12 months then you should consider taking advantage of the current I Bond rates.    

Reach out if you have questions about I Bonds, want to quantify the benefit to you or need assistance with opening an account.  

Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities.  Offers of securities or investment advisory services may be made only pursuant to appropriate offering or other disclosure documents, and only after prospective investors have had the opportunity to discuss all matters concerning the prospective investment or engagement with their advisers, the issuers of the securities or Forty W Advisors a DBA of MacroView Investment Management LLC. It should be noted that past performance is not indicative of future results.