Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Missed This Deal? Get alerts when similar deals are posted.
  1. Deal Image
Item 1 of 3
  1. Deal Image
  2. Deal Image
  3. Deal Image
Item 1 of 3
expireddn90003 posted Dec 12, 2021 2:07 PM

US Treasury Series I Savings Bonds Inflation Rate Earnings (Nov '21 - April '22)

7.12% Interest

(Limit $10K/Year Per Person)
3,498 Comments
1.5M Views
Visit Retailer
Deal Details
Note: This popular deal is still available.

U.S, Government Treasury is currently offering 7.12% Interest Rate in combined Fixed + Inflation Rate Earnings valid on newly issued Series I Savings Bonds purchased from November 2021 through April 2022. Limit of $10,000 / year in interest earnings per person.

Thanks to community member dn90003 for sharing this offer.

About this offer:
  • How do I buy a Series I bond?
  • What is a Series I bond? (source)
  • "A savings bond that earns interest based on combining a fixed rate and an inflation rate."
  • You may use Series I bonds to:
    • Save in a low-risk product that helps protect your savings from inflation
    • Supplement your retirement income
    • Give as a gift
    • Pay for education
    • Click here for more information about Series I Bonds
  • What interest does a Series I bond earn? (source)
    • A combination of a fixed rate that stays the same for the life of the bond and an inflation rate that is set twice a year.
    • For bonds issued from November 2021 through April 2022, the combined rate is 7.12%

Editor's Notes

Written by BostonGirl
Refer to the forum thread here for more information and details.

Original Post

Written by dn90003
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Note: This popular deal is still available.

U.S, Government Treasury is currently offering 7.12% Interest Rate in combined Fixed + Inflation Rate Earnings valid on newly issued Series I Savings Bonds purchased from November 2021 through April 2022. Limit of $10,000 / year in interest earnings per person.

Thanks to community member dn90003 for sharing this offer.

About this offer:
  • How do I buy a Series I bond?
  • What is a Series I bond? (source)
  • "A savings bond that earns interest based on combining a fixed rate and an inflation rate."
  • You may use Series I bonds to:
    • Save in a low-risk product that helps protect your savings from inflation
    • Supplement your retirement income
    • Give as a gift
    • Pay for education
    • Click here for more information about Series I Bonds
  • What interest does a Series I bond earn? (source)
    • A combination of a fixed rate that stays the same for the life of the bond and an inflation rate that is set twice a year.
    • For bonds issued from November 2021 through April 2022, the combined rate is 7.12%

Editor's Notes

Written by BostonGirl
Refer to the forum thread here for more information and details.

Original Post

Written by dn90003

Community Voting

Deal Score
+952
Good Deal
Visit Retailer

Top Comments

sdpoker
1.8KComments
463Reputation
Looks tempting. But these are only rated for inflation as fixed rate is 0%. Once inflation is back down, your rate will go down with it.
In case you're wondering, here's how the rate is computed:
Composite rate =
Go to Comment
webbiedo
4Comments
58Reputation
No, these are govt bonds. They stay in the treasury. I bonds are based on the rate of inflation. They have a fixed rate plus the current rate of inflation. Inflation goes up, you earn more. It was 3.54%. Rates went up on 11/1. To realize the full benefit you need to buy before the rates change on 5/1 and 11/1. No fees or penalties. Hold for a min.of a year. If you cash out in less than 5 years you forfeit 3 months interest. After 5 years, you don't pay anything. You can only buy $10k/yr and then up to an additional $5k if purchased directly from your tax refund.
I bought $10k in denominations of 2,3, 5 so if I want to cash out I can do it in chunks instead of having to cash out $10k.: Better than any CD or bank rate if you want to stay in cash.
Go to Comment
foxfai
5.2KComments
3.5KReputation
By the way, using your tax refund to purchase bonds won't count toward your $10k yearly limit.

https://www.treasurydirect.gov/in...eature.htm
Go to Comment

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

3.5K Comments

Sign up for a Slickdeals account to remove this ad.

Dec 12, 2021 2:11 PM
4.5K Comments
Joined Aug 2011

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021 2:13 PM
398 Comments
Joined Dec 2008
TomHagenDec 12, 2021 2:13 PM
398 Comments

Our community has rated this post as helpful. If you agree, why not thank TomHagen

Have fun with the website, especially putting in your password. It's not a scam, just a gov built website from long ago.
3
23
6
Dec 12, 2021 2:15 PM
1.5K Comments
Joined Sep 2021
Wyvern1Dec 12, 2021 2:15 PM
1.5K Comments
can we transfer these to a brokerage?
1
Dec 12, 2021 2:18 PM
1.1K Comments
Joined Sep 2004
DerpVaderDec 12, 2021 2:18 PM
1.1K Comments

Our community has rated this post as helpful. If you agree, why not thank DerpVader

Better link, takes you to the page explaining Series I bonds.
https://www.treasurydirect.gov/in....htm#irate
5
Dec 12, 2021 2:28 PM
298 Comments
Joined Apr 2012
NrkeeneDec 12, 2021 2:28 PM
298 Comments

Our community has rated this post as helpful. If you agree, why not thank Nrkeene

Thx op but Holy #*×!

7% on a tbill?! Causes me to really worry about inflation!
2
3
9
Pro
Dec 12, 2021 2:29 PM
5.2K Comments
Joined Aug 2008
foxfai
Pro
Dec 12, 2021 2:29 PM
5.2K Comments

Our community has rated this post as helpful. If you agree, why not thank foxfai

By the way, using your tax refund to purchase bonds won't count toward your $10k yearly limit.

https://www.treasurydirect.gov/in...eature.htm
19
Dec 12, 2021 2:29 PM
1.8K Comments
Joined Nov 2015
sdpokerDec 12, 2021 2:29 PM
1.8K Comments

Our community has rated this post as helpful. If you agree, why not thank sdpoker

Looks tempting. But these are only rated for inflation as fixed rate is 0%. Once inflation is back down, your rate will go down with it.
In case you're wondering, here's how the rate is computed:
Composite rate = [fixed rate + (2 x semiannual inflation rate) + (fixed rate x semiannual inflation rate)]
38
12

Sign up for a Slickdeals account to remove this ad.

Dec 12, 2021 2:30 PM
7.5K Comments
Joined Nov 2006
KManDec 12, 2021 2:30 PM
7.5K Comments

Our community has rated this post as helpful. If you agree, why not thank KMan

Low risk? How about NO risk? The US government has never defaulted on a security, like, EVER. Its value might go down over time so there's a secondary market risk, which is true of nearly any security, plus the rate appears to be floating so you lock in nothing, but the underlying security itself is as safe as it gets.

That said, 7%? When did that happen in an era of near-0% prime rates?
2
2
37
Dec 12, 2021 2:33 PM
6.7K Comments
Joined Oct 2011
thehashDec 12, 2021 2:33 PM
6.7K Comments

Our community has rated this post as helpful. If you agree, why not thank thehash

Quote from KMan :
Low risk? How about NO risk? The US government has never defaulted on a security, like, EVER. Its value might go down over time so there's a secondary market risk, which is true of nearly any security, plus the rate appears to be floating so you lock in nothing, but the underlying security itself is as safe as it gets.

That said, 7%? When did that happen in an era of near-0% prime rates?
that's the type of thinking we had with real estate pre 2008. LMAO
2
7
92
Dec 12, 2021 2:35 PM
2.5K Comments
Joined Jun 2008
darkNiGHTSDec 12, 2021 2:35 PM
2.5K Comments

Our community has rated this post as helpful. If you agree, why not thank darkNiGHTS

Quote from TomHagen :
Have fun with the website, especially putting in your password. It's not a scam, just a gov built website from long ago.
It's funny, you can edit the HTML code in Chrome dev tools to allow you to type into the password field.
6
13
2
Dec 12, 2021 2:35 PM
6.7K Comments
Joined Oct 2011
thehashDec 12, 2021 2:35 PM
6.7K Comments
Quote from sdpoker :
Looks tempting. But these are only rated for inflation as fixed rate is 0%. Once inflation is back down, your rate will go down with it.
In case you're wondering, here's how the rate is computed:
Composite rate = [fixed rate + (2 x semiannual inflation rate) + (fixed rate x semiannual inflation rate)]
technically it is less if you consider the taxes you have to pay.
21
Dec 12, 2021 2:40 PM
1.6K Comments
Joined Dec 2014

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021 2:41 PM
3.4K Comments
Joined Nov 2011
TuckinDec 12, 2021 2:41 PM
3.4K Comments
Quote from Follywood :
Crypto baby!
Voyager I get 9% on usdc $1=$1… I'm okay with that
1
20
Dec 12, 2021 2:42 PM
3.1K Comments
Joined Nov 2008

This comment has been rated as unhelpful by Slickdeals users.

Sign up for a Slickdeals account to remove this ad.

Pro
Dec 12, 2021 2:45 PM
835 Comments
Joined May 2006
Jackalope
Pro
Dec 12, 2021 2:45 PM
835 Comments

Our community has rated this post as helpful. If you agree, why not thank Jackalope

Quote from thehash :
technically it is less if you consider the taxes you have to pay.

Yes, you might have to pay taxes on any interest or gains for any bond or security. This is no different.

BUT -- these I bonds are better since they are not subject to State and Local tax!

https://www.treasurydirect.gov/in...nsider.htm
4

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

Related Searches

FinanceFinancial Tools & ServicesServicesFinancial Tools & Services