Inflation Indexed Savings Bond

Series I Savings Bonds issued by the U.S. government that pays an interest rate that is a combination of a fixed rate that stays the same for the life of the bond and an inflation rate that is set twice a year. At time of writing, the interest on a Series I bond issued from May 2022 through October 2022 was 9.62%.

Here’s what you need to know about these unique securities.