An I bond is a type of savings bond issued by the U.S. Treasury that is designed to protect against inflation. I bonds are sold at face value and earn interest at a fixed rate for the first six months. After six months, the interest rate is adjusted every six months to match the rate of inflation, as measured by the Consumer Price Index (CPI). I bonds are a low-risk investment that can help you save for retirement, college, or other long-term goals.
I bonds are available in denominations of $25, $50, $100, $500, and $1,000. You can buy I bonds through TreasuryDirect, the official website of the U.S. Treasury. You can also buy I bonds through financial institutions such as banks and credit unions. I bonds are a good investment for people who are looking for a low-risk way to save for the future.