A type of savings bond issued by the U.S. government has become popular among investors since inflation started ticking higher in mid-2021. The interest rate that Series I bonds pay resets twice each year, based on the current rate of inflation, so these bonds are a way to protect investors from inflation.
Investors who rushed to buy I bonds as inflation reached a more-than 40-year high briefly crashed a website run by the U.S. Department of the Treasury in 2022. Now that inflation is cooling, however, I bonds have lost some of their luster.
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