Washington Post: This inflation-proof bond is paying 9.62%. Here’s how to buy it. (June 22, 2022)

The Washington Post has made available for download their article, “This inflation-proof bond is paying 9.62%. Here’s how to buy it.”, which discusses the steps to buying inflation-indexed series I government savings bonds. The article begins as follows:

The government’s inflation-protection savings bond right now is like a Birkin bag — highly coveted.

With the stock market crashing and inflation rising, people are desperately looking for a place to park their extra cash.

Paying 9.62 percent, the relatively unknown inflation-proof Series I savings bond has become a hit with $17.5 billion sold in the six months ending in May, according to the Treasury Department.

That’s compared with $364 million in I bond sales in all of 2020.

If you’ve got money sitting around earning a little more than 1 percent, if that much, I bonds are an attractive deal. Several callers to ASK-POST (855-275-7678), my toll-free line, have been asking about I bonds.

Click here to see the full article: “This inflation-proof bond is paying 9.62%. Here’s how to buy it.”

Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.

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