What Is an I Bond? Everything You Need to Know to Earn Nearly 10% Interest

I Bonds remain attractive for investors. These inflation-adjusted U.S. savings bonds are paying a 9.62% annual rate through October, but starting next month that rate is expected to drop several percentage points. 

Americans snatched up nearly $11 billion in these bonds over the past six months, compared with around $1.2 billion during the same period in 2020 and 2021, according to Treasury Department records.