Everything Old Is New Again: Savings Bonds Are Hot Again
An old investment vehicle is seeing new popularity.
It may not be the stuff lively cocktail party banter is made of, but the often overlooked savings bond is making a name for itself as one of the best places to park your cash these days. What’s not to love? Savings bonds stand as one of the safest investments you can choose, but currently offer rates that beat out high-interest savings accounts and long-term CDs by a long shot. Series I bonds, in particular, are capturing the attention of risk-averse investors across the U.S.
And the benefits are many.