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How do I buy a Series I bond?
-- Must register or sign-in to your free TreasuryDirect.gov account and link a bank account.
Electronically: Online via TreasuryDirect (including through payroll direct deposit)
Paper: By mail when you file your federal tax return
-- Click here to view a Guided Tour
What is a Series I bond? (source)
-- "A savings bond that earns interest based on combining a fixed rate and an inflation rate."
-- You may use Series I bonds to:
* Save in a low-risk product that helps protect your savings from inflation
* Supplement your retirement income
* Give as a gift
* Pay for education
* Click here for more information about Series I Bonds
What interest does a Series I bond earn? (source)
-- A combination of a fixed rate that stays the same for the life of the bond and an inflation rate that is set twice a year.
-- For bonds issued from May through October 2022, the combined effective annualized rate is 9.62%
When can I cash my I bonds?
-- After they are 12 months old.
-- If you cash an I bond before it is five years old, you will lose the last three months of interest.
-- I bonds earn interest for 30 years if you don't cash the bonds before they mature.
-- If you've been affected by a disaster, special provisions may apply.
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