US Treasury Series I Bond
Definition
A type of U.S. savings bond issued by the Department of the Treasury that earns a composite interest rate consisting of a fixed rate set at issuance plus a semiannually adjusted inflation rate, offering protection against rising prices.
Low-risk, non-marketable securities backed by the full faith and credit of the U.S. government, designed for individual investors with a minimum purchase of $25 and annual limits.
Examples
When inflation hit double digits, my portfolio's secret weapon was the trusty US Treasury Series I Bond, quietly outpacing the egg prices.
He skipped the crypto rollercoaster and bought a US Treasury Series I Bond, proving that slow and steady still wins the savings race.
Grandpa's dusty US Treasury Series I Bond from Y2K just cashed out big, reminding us that government IOUs age like fine wine.
In a market full of fireworks, the US Treasury Series I Bond is the reliable nightlight that glows with inflation-adjusted interest.