Investing
With Inflation on Rise, I Bonds Look Like a Good Place to Park Cash Again
Investors won’t get eye-popping 9.62% returns, but today’s I bonds lock in steady, inflation-adjusted returns
Shoppers at a mall in Glendale, California, on May 7.
Photographer: Kyle Grillot/BloombergWith the war in Iran pushing inflation to unexpected highs, the humble I bond — an inflation-protected, US government backed security — is once again looking like an attractive place to park some cash.
I bonds caught investors’ attention in 2022, when surging inflation lifted returns to 9.62%. The yield on today’s I bonds are 4.26%, but they still offer a good bet for those looking for guaranteed long-term gains, at least on investments up to $10,000.