There are U.S. Government Savings Bonds, called “I Bonds”, that are currently paying a 9.62% interest rate as of August 2022, you can continue to buy the bonds at that interest rate until October 2022, and then the rate resets. Before you buy these bonds, you should know the 9.62% interest rate is only for the first 6 months that you own the bonds and there are restrictions as to when you can redeem the bonds. In this article I will cover: Gov
• How do I Bonds works?
• Are they safe investments?
• Purchase limits
• Why does the interest rate vary over the life of the bond?
• How do you purchase an I Bond?
• Redemption restrictions
• Tax Considerations
Where To Purchase I Bonds:
What Are Your Paper Savings Bonds Worth:
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