I Bonds are Set to Pay 9.6% In Annual Interest Through October

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Have $10,000 or less that's sitting there and depreciating in value as inflation makes literally everything but a free walk in the park more expensive? The US Treasury Department may have just the tonic to make things feel a little bit better.

On Monday, the Treasury announced that Series I savings bonds, an inflation-protected investment backed by the US government, will pay 9.62% interest through October 2022.

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Source Fool.com