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Inflation-indexed bonds paying 9.62%: 6 key issues to know

The I bond was created as a hedge towards inflation. Now that inflation is at a 40-year excessive, the bonds are a haven for individuals with funds they don’t want instantly. The 9.62 p.c fee is nice till the tip of October.

A number of callers to ASK-POST (855-275-7678), my toll-free line, have been asking about I bonds and sharing their difficulties in shopping for them. One query particularly stored popping up. Folks wished to know how one can be sure you go on the bonds in the event that they died earlier than cashing them.

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