That sky-high I-bond yield will fall to earth
Adjusted for inflation Savings Bond Phase I has been the hottest place to deposit your money this year—nearly 10% profit, backed by the US government, the safest investment around. In a few weeks, a little light will dim.
I Bonds will likely pay around 6.4% interest starting November 1 if the consumer price index rises as economists expect 0.2% monthly and 8.1% annualized. Savers have been loaded into I Bonds when interest rates spiked to 9.62% in May, the highest rate since Bond I was introduced in 1998.