In a recent Hacker News thread about preparing financially for a possible recession, a commenter suggested investing in iBonds.

iBonds are one of those investments I’ve seen in passing every time I read a personal finance book, but I’ve never paid much attention to them.

When I saw that iBonds are currently paying 9.62% interest, I decided to give them a closer look.

What are iBonds?

iBonds are the colloquial name for Series I Treasury savings bonds. They’re a savings bond whose rate of return is based on the current rate of inflation.