The popularity of Series I savings bonds continues as rate on new bonds resets to 9.62%. Here's what to know:
A popular investment backed by the U.S. government recently became even more attractive, especially for tax-smart investors who are worried about inflation.a column earlier this year
. That column garnered a lot of follow-up questions from Wall Street Journal readers. The popularity of these investments is likely to continue with the U.S. Treasury announcing a few weeks ago that the initial annualized rate on new Series I savings bonds sold from May through October of this year is 9.62%.
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