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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
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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
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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
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Global Mod
Dec 12, 2021 3:05 PM
4.5K Comments
Joined May 2008
pur
Pro
Global Mod
Dec 12, 2021 3:05 PM
4.5K Comments
Quote from Nrkeene :
Thx op but Holy #*×!

7% on a tbill?! Causes me to really worry about inflation!
the last time inflation was this officially this high tbills paid 9%...
Dec 12, 2021 3:07 PM
1.2K Comments
Joined Mar 2005
acegolferDec 12, 2021 3:07 PM
1.2K Comments

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Quote from webbiedo :
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.
FYI, even if one buys $10k, he can redeem partially ($25+) after 1 year.
3
Dec 12, 2021 3:10 PM
1.2K Comments
Joined Mar 2005
acegolferDec 12, 2021 3:10 PM
1.2K Comments

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Quote from Kissimmeegal :
Treasury Direct sucks. When my husband of 35 years died, they made me jump through hoops to get his money out, even though I had the Judges signed order granting me title to the funds and my husband's death certificate. Had to get my lawyer to help, even though at the time I could ill afford to put out money to pay attorney fees. Not only that, it took them two months to finally release the funds.
Good luck on getting the money back out if you need it.
If anyone is reading this, you can designate secondary owner as well as beneficiary at the TD.gov.
14
Dec 12, 2021 3:10 PM
9.3K Comments
Joined Feb 2011
erictomDec 12, 2021 3:10 PM
9.3K Comments
Quote from Nrkeene :
Thx op but Holy #*×!

7% on a tbill?! Causes me to really worry about inflation!
Hign interest to eliminate the high inflation
1
1
Dec 12, 2021 3:18 PM
181 Comments
Joined Nov 2020
CalmTable621Dec 12, 2021 3:18 PM
181 Comments
can't create an account (or log in) due to 'scheduled system maintenance'...?
anyone else?
Dec 12, 2021 3:19 PM
109 Comments
Joined Nov 2012
shetyamoutDec 12, 2021 3:19 PM
109 Comments
Quote from CalmTable621 :
can't create an account (or log in) due to 'scheduled system maintenance'...?
anyone else?

same here
Dec 12, 2021 3:25 PM
518 Comments
Joined Nov 2010

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Dec 12, 2021 3:26 PM
1.4K Comments
Joined Nov 2012
shortprongDec 12, 2021 3:26 PM
1.4K Comments

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Quote from revoc :
If the US Corporation collapses these will be worth $0 right?
And if they continue to print money, the value of existing money drops ..... eventually to about zero.

One hundred trillion dollars—that's 100,000,000,000,000—is the largest denomination of currency ever issued. In Zimbabwe, from 2007 to 2008, the local legal tender lost more than 99.9 percent of its value (Hanke 2008).
2
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11
Dec 12, 2021 3:27 PM
711 Comments
Joined May 2010
scoobyazDec 12, 2021 3:27 PM
711 Comments
Quote from CalmTable621 :
can't create an account (or log in) due to 'scheduled system maintenance'...?
anyone else?
ditto. Makes this super legit though. wouldn't be govt involved if this super efficiency weren't involved... lol
4
Dec 12, 2021 3:27 PM
58 Comments
Joined Nov 2011
calabasasdanDec 12, 2021 3:27 PM
58 Comments
What if some series of events leads to deflation - can the value of these go down due to the variable component?
Dec 12, 2021 3:29 PM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Dec 12, 2021 3:29 PM
3.7K Comments
Quote from webbiedo :
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.
Shame it's limited to 10 + 5k/yr.
Dec 12, 2021 3:29 PM
740 Comments
Joined Jun 2006
sillycibinDec 12, 2021 3:29 PM
740 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)]
This needs to be added to the original post in bold.
1
6
Dec 12, 2021 3:29 PM
3.6K Comments
Joined Oct 2020

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021 3:29 PM
181 Comments
Joined Nov 2020
CalmTable621Dec 12, 2021 3:29 PM
181 Comments
Quote from scoobyaz :
ditto. Makes this super legit though. wouldn't be govt involved if this super efficiency weren't involved... lol
glad it's not just me. to be fair, it's sunday morning...wouldn't be a terrible day to take a government website down for maintenance, although it's not convenient for me today!

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Dec 12, 2021 3:32 PM
169 Comments
Joined Oct 2012
mrjbairesDec 12, 2021 3:32 PM
169 Comments
Quote from Tuckin :
Voyager I get 9% on usdc $1=$1… I'm okay with that
Hey I been thinking of doing that. How long have you had your funds in there?
1

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