Investing

Earn 7.12% Risk-Free on Your Savings, No Crypto or Junk Bonds Needed

Photographer: Samuel Corum/Bloomberg
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Low-risk saving just got considerably more lucrative. Forget cryptocurrencies and junk bonds, individuals can now get a whopping 7.12% direct from the U.S. government.

That’s the new rate for Series I savings bonds bought from the U.S. Department of Treasury from now through April 2022 -- the second highest ever offered.