Rising inflation has been bad for consumers with the escalating cost of gas, groceries and rent causing people on the financial edge to struggle even more.
Now is a good time to buy this inflation-indexed savings bond
But for investors with money to spare and who are looking for safety, inflation has been good for Series I Bonds, which the Treasury Department announced will be paying 9.62 percent until the end of October.
Financial experts warn investors about chasing returns. However, this may be a good time to consider I bonds.
“When inflation goes crazy like it is now, at least I bonds keep pace with inflation,” said Carolyn McClanahan, a certified financial planner who founded the fee-only Life Planning Partners based in Jacksonville, Fla.
Here’s what you should know about this type of savings bond.
Source: WP
