I Bonds

Protect against inflation. Earn both a fixed rate of interest and a rate based on inflation. The overall rate is reset twice a year.

Current Rate: 4.30%

This includes a fixed rate of 0.90%

For I bonds issued May 1, 2023 to October 31, 2023

Primarily electronic – keep them safe in your TreasuryDirect account (minimum amount $25)

You can choose to use all or part of your IRS tax refund to buy paper I bonds (minimum amount $50)

Maximum purchase each calendar year: $10,000 in electronic I bonds + $5,000 in paper I bonds

Can cash in after 1 year. (But if you cash before 5 years, you lose 3 months of interest.)