Inflation sent I Bonds to nearly 10%; how some savers are buying now

Savers might be looking at making $ 50 in interest in the next year if they set aside $ 5,000 in a one year certificate of deposit.

Or you could grab an I Bond soon and make around $ 418 in interest in a year on $ 5,000 in savings.

Big difference. Who wouldn’t want to make roughly eight times more money on the same amount of savings? Now you know why many people keep talking about some oddball thing called I Bonds.

Inflation-indexed savings bonds are a trendy topic in 2022 as inflation is soaring to heights not seen in 40 years.

Yes, we’re talking about a US savings bond but nothing like the traditional savings bonds Grandma gave you for your birthday so many years ago.

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