I Bond Hacks For Bypassing $10,000 Limit and Scoring Better Returns

The sleeper hit of 2022 investing is about to lose some of its luster — but it still might be one of the best places to store your cash.

The rate for US Series I savings bonds is estimated to drop to 6.47% beginning Nov. 1, down from a record high of 9.62%. That’s because the yield is linked to the change in inflation over the six-month period from March to September, which slowed from the prior stretch despite core inflation notching new highs.

Even with the lower yield, I bonds are still an appealing option for investors looking for a place to store cash they won’t need in the immediate future — especially compared to still-low rates on high-yield savings accounts and certificates of deposit.

“There's nothing really comparable right now from a return standpoint,” said Kyle Newell, owner of Newell Wealth Management in Orlando, Florida. “It’s a really solid investment with inflation so high.”

One catch: Each individual can technically only purchase up to $10,000 in I bonds during a calendar year, but there are a few workarounds that experts recommend.