Series I Bonds Pay Record 9.62% Interest Rate⁠—Here’s How to Buy Them

Series I Bonds Pay Record 9.62% Interest Rate⁠—Here’s How to Buy Them
Government bonds; Series I bonds and Series EE bonds. Jonathan Weiss/ShutterStock
Tribune News Service
Updated:
By James Royal From Bankrate.com

If you’re looking for an investment with a high interest rate, inflation protection and the safety of government backing, then Series I bonds could be an attractive addition to your portfolio. The interest rate on these bonds increases as inflation rises, ensuring that your payout keeps pace with rising prices and that you don’t lose purchasing power over time.