I Bond
noun[C]
ukus(alsoSeries I Bond);(I Savings Bond)FINANCE
atypeofsavingsbondfrom the US Treasury thatpaysafixedrateofinterest,plusinterestat aratethatchangesevery sixmonthsbasedon therateofinflation:
I Bondsgrowinvaluewith inflation-indexedearningsfor up to 30years.
See also
inflation-indexed bond
TIPS