SAVING & INVESTING — what is a us saving bond
A 9.62% Interest! Inflation-Indexed Savings Bond!
You can put up to $10,000 a year in a Series I Savings Bond as a hedge against inflation. It’s paying 9.62 percent. Rising inflation has been bad for consumers with the escalating cost of gas, groceries and rent causing people on the financial edge to struggle even more. But for investors with money to spare and who are looking for safety, inflation has been good for Series I Bonds, which the Treasury Department announced will be paying 9.62 percent until the end of October. Financial experts warn investors about chasing returns. However, this may be a good time to...