Are you looking for an investment that could earn 9.62%? Maybe you should research purchasing Series I savings bonds; they have a high interest rate, inflation protection and the safety of government backing. These bonds could be just what you need for your portfolio! The interest rate on these bonds increases as inflation rises, ensuring that your payout keeps pace with rising prices and that you don’t lose purchasing power over time.
You can purchase the Series I savings bonds through October 2022 at the current rate. This purchase can be done both electronically or in paper form.
Please visit the Treasury Direct or Bank Rate sites to learn more about these savings bonds.
Sources: www.bankrate.com and www.treasurydirect.gov