16 Aug 2022
I've been suggesting excess be used cash to buy I Bonds for several months… but what about the far more popular sibling EE Bonds? I don't usually recommend either type of US Savings Bond because their interest rates are fairly low and you have to buy them through an account at TreasuryDirect, which is somewhat cumbersome. However, the interest rate on I Bonds is based on inflation, which has been at multi-decade highs, so I Bonds look quite attractive today. John Rekenthaler, a columnist for Morningstar, compares both types of bonds and reaches a similar conclusion.
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