Investing
I Bonds Sales Surge as Deadline Approaches for Interest Rate Drop
The savings tool was designed to protect investors against inflation and will start offering a lower yield as of next week.
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A flood of cash is pouring into I bonds before their interest rates drop next month.
Americans have bought more than $1.95 billion worth of US Series I savings bonds this week alone — twice as much as during all of fiscal year 2021, according to the US Department of the Treasury.