quote:

Originally posted by sig2392:
"They are virtually risk-free, yet currently pay 9.62% annually"?

This is from Treasury Direct.

Series I Savings Bonds
4.30% This includes a fixed rate of 0.90%
For I bonds issued May 1, 2023, to October 31, 2023.

Am I missing something?

This thread originated a year ago, when they were paying 9.62% APR. Notice that the post you quoted from ZSMICHAEL is dated June 30, 2022.

The rate changes every 6 months, in May and November. It has changed twice since June 2022. The May 2022 rate was 9.62%, then it went to 6.89% in November 2022, and now sits at 4.3% in May 2023.