Inflation-protected savings bonds, called I Bonds, have been one of the most enticing places to park your cash this year. But the current 9.62% interest rate is expected to go down starting Nov. 1. Today’s consumer-price index figure implies that the rate will be 6.47% next month—unless the U.S. Treasury decides to increase it by adding a fixed rate to the bond. The current rate of 9.62% still applies for all bonds purchased through Oct. 31. Those bonds will earn 9.62% for six months, then switch to the new rate for the next six months. The 9.62% rate is the highest paid since I Bonds were introduced in 1998. #inflation #ibonds #investment #cpi #cash #moneytok #consumerpriceindex #PersonalFinance #wsj #thewallstreetjournal #wallstreetjournal