The inflation-indexed Series I savings bonds are red hot right now.
The I bond was created as a hedge against inflation. Now that inflation is at a 40-year high, the bonds are a haven for people with funds they don’t need immediately. The 9.62 percent rate is good until the end of October.
Several callers to ASK-POST (855-275-7678), my toll-free line, have been asking about I bonds and sharing their difficulties in buying them. One question in particular kept popping up. People wanted to know how to be sure to pass on the bonds if they died before cashing them.