You may find these links helpful:

• US Treasury Savings Bonds
• "How to handle $"

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You’re thinking of ibonds, and you’re already too late. They still will be a good save avenue for investment but they will be going to around ~6.4% as of tomorrow.

Look into treasury ibonds to find out more.

If you mean Series I Savings Bond at 9.62% annual rate, you are too late. The door closed last Friday - it takes one business day to issue, so it needed to be purchased a business day prior. The new rate starting November is 6.48%.

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Go to https://treasurydirect.gov/savings-bonds/i-bonds/ but read the terms carefully. The interest rate is ~10% for 6 months, but you lose 3 months of interest (or something) if you cash the bond in prior to 5 years (or something-- don't rely on what I'm saying here-- read for yourself), so it might not be as good a deal as it seems. The bond is "inflation indexed" so, if inflation decreases, the return after 6 months will go down.

fuck :(.

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is there a maximum amount you can put in these?

$10k per year.

Edit: For electronically purchased ones. Up to an additional $5k I believe for paper ones, which must be purchased using tax refund.

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