WAW088: 9% Savings Account?! Introducing I-Bonds!
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WAW088: 9% Savings Account?! Introducing I-Bonds!
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While high inflation is generally a very bad situation, there is one area where high inflation is actually beneficial. Let us introduce you to Series I Bonds, otherwise known as I-Bonds. Simply put, I-Bonds are government savings bonds that are pegged to the rate of inflation. As of October 2, 2022, I-Bonds have a coupon rate of 9.62%! Much better than any savings account or CD can offer today, and has the backing of the United States Treasury. Sounds simple, but are there any quirks with I-Bonds? Who can invest in I-Bonds and more importantly, should you be investing in I-Bonds? Tune in to find out!
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References:
1. US Treasury site about I-Bonds: https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm
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