Charles Forelle
speaker
205 appearances
2 recordings
1 series
first heard Jan 2022
last heard Oct 2022
Charles Forelle’s voice in public audio — every appearance, attributed to the second.
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Appearances
Unlike a regular savings bond, an I-bond will give you an additional return when inflation is high as it is now.
So right now, as we sit here in mid-October, the rate on an I-bond is 9.62% for the next six months, which is crazy high.
I mean, that is a super, super high number.
How great to be here.
An I-bond is a kind of savings bond issued by the U.S.
Treasury.
And like all savings bonds, they are bonds that are intended in relatively small denominations to be used by individuals to save.
These are not things that you trade through your broker or buy in the outside world.
You buy them directly from the Treasury.
And they're savings bonds meant to do exactly what they say, which is to help American families save.
And the special nature of I-bonds is in the letter I. I is for inflation.
And I-bonds are indexed for inflation.
So an I-bond, unlike a regular savings bond, an I-bond will give you an additional return when inflation is high as it is now.
Part of the reason that I bonds have become incredibly popular in the last year or so is that with inflation soaring, the rates on I bonds have zoomed.
So right now, as we sit here in mid-October, the rate on an I bond is nine point six two percent for the next six months, which is crazy high.
I mean, that is a super, super high number for any kind of bond and certainly for
one that is issued by the U.S.
Treasury and is, for all intents and purposes, without any risk at all.
A lot of people think so.
There have been tons of sales, about $20 billion in sales so far this year.
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