Everand Logo

Welcome to Everand!

  • Kiplinger

    Fight Inflation with Series I Bonds

    by David Muhlbaum, Lisa Gerstner Nov 29, 2021 3 minutes

    Even with interest rates on savings accounts and certificates of deposit crawling up in the wake of the Federal Reserve’s interest rate hikes, the 9.62% composite rate on newly issued bonds is hard to ignore. That composite rate consists of a fixed rate, which is currently 0% on new bonds, and an inflation rate, which is based on the government’s consumer price index and adjusts every six months from the bond’s issue date. That rate has turned the once-sleepy Series I savings bond, with sales in the millions of dollars) into the latest hot commodity, with sales in the billions. (Okay, hot security.)

    You’re reading a preview, subscribe to read more.

    More from Kiplinger

    Kiplinger5 min read
    4 Steps for Managing Income Withdrawals in Retirement
    If you’re like most Americans nearing retirement, you’re worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they’ve saved enough to retire comfortably. At a time when the stock market is down, inf
    Kiplinger3 min read
    Calling All Teachers: You Can Deduct More for School Supplies for 2022
    The school year has begun, and teachers are dealing with the normal pressures of managing students and classrooms. But lately, there is additional stress for educators, ranging from teacher shortages to possible teacher strikes. And to top it off, in
    Kiplinger5 min read
    As the Market Falls, New Retirees Need a Plan
    Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the

    Related Books & Audiobooks