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Are I Bonds Still a Good Investment in 2023?
A few months ago, I bonds started getting a lot of attention when interest rates reached a record 9.62%. For those who aren’t familiar, I bonds, also known as Series I savings bonds, are a type of federally backed government bond with an interest rate that’s tied to the inflation rate. The fixed rate is locked in for as long as you hold the bond, but the Bureau of the Fiscal Service updates the inflation rate every May and November based on changes to the Consumer Price Index for All Urban Consumers (CPI-U).
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