Is It A Good Time To Cash In Your I Bonds?

As inflation eases, investors are redeeming their I bonds and putting the money elsewhere.

US Savings Bonds Series I
(Image credit: Getty Images)

In 2022, a spike in inflation made normally staid Series I savings bonds almost as popular as tickets to Taylor Swift’s Eras tour. I bonds issued between May and October 2022 earned a six-month composite rate of 9.62%, creating a surge in demand from yield-hungry investors that briefly overwhelmed the TreasuryDirect website. 

I bond rates have since come down to earth; bonds issued between November 2023 and April 2024 pay a composite rate of 5.27%. Meanwhile, some certificates of deposit and high-yield savings accounts are paying more than 5%, and the recent yield on one-year Treasury bills topped 4.8%. Yields on Treasury inflation-protected securities (TIPS) — government securities that are indexed to the rate of inflation — are also attractive now, says David Enna, founder of, a website that focuses on I bonds and TIPS

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Sandra Block
Senior Editor, Kiplinger's Personal Finance

Block joined Kiplinger in June 2012 from USA Today, where she was a reporter and personal finance columnist for more than 15 years. Prior to that, she worked for the Akron Beacon-Journal and Dow Jones Newswires. In 1993, she was a Knight-Bagehot fellow in economics and business journalism at the Columbia University Graduate School of Journalism. She has a BA in communications from Bethany College in Bethany, W.Va.

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