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I Bonds: The November 1 Rate Reset — Wait, or Buy Now?

On November 1, the interest rate on Series I savings bonds resets — and analysts expect it to rise from 4.26 percent to about 5.4 percent. For seniors who like safe income, the decision of whether to buy now or wait a few days may matter for 30 years.

I Bonds are savings bonds issued by the U.S. Treasury. Their interest rate has two parts: a fixed rate that never changes for the life of the bond, and an inflation adjustment that resets every six months. Right now, bonds bought between May 1 and October 31, 2026, pay 4.26 percent, including a fixed rate of 0.90 percent.

The November inflation component is effectively locked at 4.08 percent, based on September inflation data. Analysts, including David Enna of Tipswatch, forecast the fixed rate will rise to 1.30 to 1.40 percent, based on real yields on five-year Treasury Inflation-Protected Securities. If that forecast holds, new bonds bought from November through April would pay about 5.4 percent. That forecast is not an official announcement: the Treasury announces the official rate around November 1.

Why the fixed rate matters so much is simple: it stays with the bond for its full 30-year life, while only the inflation part moves. Waiting for November is therefore a 30-year decision, not a six-month one. The practical decision rule is straightforward: if you have not yet used your 2026 limit, waiting until November 1 is usually better.

The rules are worth knowing before buying. The limit is $10,000 per person per year. Bonds cannot be redeemed in the first year, and redeeming before five years costs three months of interest. Interest is exempt from state and local tax, and federal tax is deferred until redemption. Timing matters this week: October 31 is a Saturday, so Friday, October 30 is effectively the last business day for an October-rate purchase, since a request made on a non-business day moves to the next business day.

One practical warning: TreasuryDirect, the government's bond website, is moving to ID.me login. Set that up before buying, not in a last-minute rush when scams spike.

What to do: If you have not used your 2026 $10,000 limit, consider waiting until November 1 for the expected higher fixed rate — but confirm the official announcement first, since the 1.30 to 1.40 percent figure is a forecast. Set up ID.me access on TreasuryDirect ahead of time, and remember the one-year lockup before committing money you may need soon.

Washington, October 26, 2026 · Reported

Recall Check: 1.5 Million OCOOPA Rechargeable Hand Warmers

Before the cold weather sets in, check the drawer where you keep your hand warmers. The Consumer Product Safety Commission has recalled about 1.5 million OCOOPA rechargeable hand warmers because their batteries can overheat and catch fire — and one death has been reported.

The recall, issued July 30, 2026, covers OCOOPA rechargeable lithium-ion hand warmers. The agency received 1,480 reports of overheating, 15 fires, and 350 burns. In February 2026, an 83-year-old consumer in San José, California, died in an incident linked to the product.

To tell whether yours is recalled, flip it over. The brand name OCOOPA appears on the top; the model name and a three-digit batch code are on the bottom. Recalled models are UT3053, UT3056, the ZLS-118 series (ZLS-118, ZLS-118S, ZLS-118D), and H01, including H01(PD). They were sold from September 2018 through May 2026 on Amazon, at Walmart, and on Ocoopa.com for $15 to $60.

This recall is distinct from the HotHands disposable hand warmer recall covered earlier in October: those are single-use packets, while these are rechargeable devices.

What to do: Stop using a recalled warmer immediately. Write “RECALLED” on it with a permanent marker, then photograph it so the marking, model name, and batch code are visible, and submit the photo through the recalls page at Ocoopa.com. You will receive a full refund as an OCOOPA gift card or back to your original payment method — no return shipping is required. Do not put the warmer in regular trash or recycling; follow local hazardous-waste rules for lithium batteries. Report any overheating or injury at SaferProducts.gov.

Washington, October 26, 2026 · Reported

Warning, Not Recall: The Power Quick Pot the Maker Won't Take Back

The federal government is telling owners to throw away their 6-quart Power Quick Pot pressure cookers — and the company that imported them refuses to recall them, refund them, or fix them. The distinction matters: this is a warning, not a recall, and there is no compensation.

On October 15, 2026, the Consumer Product Safety Commission issued Product Safety Warning 27-030 for the 6-quart Power Quick Pot electric pressure cooker, model Y6D-36. The lid can open while the cooker is still pressurized, expelling scalding food and liquid without warning. The agency has received 24 reports of serious burn injuries.

Importer Tristar Products, Inc., of Altamonte Springs, Florida, refused to recall the cookers or offer any remedy. There is no refund, repair, or replacement. About 393,000 units are covered by the warning. They were sold from about July 2018 through November 2023 on Walmart.com, Amazon.com, eBay, and other retailers for $44 to $160 — so many remain in kitchens today, bought years ago, received as gifts, or bought secondhand.

For older adults, burns carry extra risk: thinner skin heals more slowly, and burns can lead to infections and complications. Because there is no buyback, the cookers also continue to appear for resale, which is why the agency warns owners not to pass them on.

What to do: Check the label on the back of the unit — only when it is cool and unplugged. The front reads “Power Quick Pot”; the model Y6D-36 is on the back label. The cooker is stainless steel with a black pressure lid, button controls, and a digital display. If yours matches, stop using it. Do not sell, donate, or leave it on the curb; take it to a city or county e-waste drop-off. Report injuries at SaferProducts.gov or by calling the CPSC hotline at 800-638-2772.

Washington, October 26, 2026 · Reported