How to get the 'best of both worlds' for Series I bond interest rates before November

With the interest rate for Series I bonds dropping to roughly 6.48% in November, you can still secure 9.62% for six months before the end of October.

You can estimate I bond rates for one year

The U.S. Department of the Treasury announces new rates every May and November, and you can estimate the next variable rate about two weeks before from theThe estimates offer a brief period to know roughly what you'll earn for one year, which is how long you'll lose access to the funds after buying.

"There's no doubt that it's better to get the 9.62% for the first six months, and then 6.48% for six months," said David Enna, founder of Tipswatch.com, a website thatIt's nice to know what interest rates you will get when you're committing to a 12-month lockup."A short-term investor — somebody just wanting to put away cash — should definitely buy in October," he said.

While roughly knowing I bond rates for one year may be appealing, there are a few things to consider before buying, experts say.

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