Series I Bond

A Series I bond is a U.S. Treasury bond that is issued with a fixed interest rate and an inflation-indexed principal. The interest rate is set at the time of purchase and remains the same for the life of the bond. The principal is adjusted twice a year based on the Consumer Price Index (CPI). This means that the value of the bond will increase over time as inflation rises.

Series I bonds are a good investment for investors who are looking for a safe and secure way to grow their money. They are also a good option for investors who are concerned about inflation. However, it is important to note that Series I bonds do not pay any interest until they mature.

Series I bonds can be purchased online through TreasuryDirect or through a broker. The minimum purchase amount is $25 and the maximum purchase amount is $10,000 per person per year. Series I bonds are issued with a term of 10 years, but they can be redeemed at any time after one year.

If you redeem a Series I bond before five years, you will lose three months of interest. However, if you redeem a Series I bond after five years, you will receive the full amount of interest that has accrued.

Series I bonds are a great way to save for the future. They are a safe and secure investment that can help you grow your money over time.