The Wall Street Journal
The Tax Advantages of Series I Savings Bonds
New I bonds sold by the Treasury from November 2021 through April 2022 earn interest at a mouthwatering annualized rate of 7.12%. The bonds, which are backed by the full faith and credit of the U.S. government, are sold directly by the Treasury through its TreasuryDirect site. For answers to many frequently asked questions, check out the Treasury’s “Series I Savings Bonds FAQs.” There are no brokerage commissions or fees.