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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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Dec 12, 2021 3:32 PM
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Joined Mar 2005
acegolferDec 12, 2021 3:32 PM
1.2K Comments
Quote from calabasasdan :
What if some series of events leads to deflation - can the value of these go down due to the variable component?
No. Even if inflation rate is negative, the next 6-month interest rate will be 0%.

Quote from Honest-IJM :
With the official CPI at 6.8%(actually much higher), you are losing value buying this government debt. The USD is on it's last legs if the Federal reserve keeps increasing the money supply. https://tradingeconomics.com/unit...-supply-m2

Diversify yourselves folks! Fiat always fails in the end.
In my math 7.12% > 6.8%. You will lose more money, if you put in a CD/HYSA.
Dec 12, 2021 3:33 PM
202 Comments
Joined Jun 2007
NICK777Dec 12, 2021 3:33 PM
202 Comments

Our community has rated this post as helpful. If you agree, why not thank NICK777

Quote from dandidit :
Really?
https://silverprice.org/silver-pr...-per-ounce
He is wrong, but silver and gold are both down in the last 30 days, the last 6 months, and the last year, despite rampant inflation. https://goldprice.org/
1
Dec 12, 2021 3:33 PM
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Joined Sep 2008
DogAndPonyDec 12, 2021 3:33 PM
7.7K Comments

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Quote from IndiaPaleAle :
Shame it's limited to 10 + 5k/yr.
I just loaded up $40k between myself, wife and two kids. Will do another $40k in January. That is enough for me.
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Dec 12, 2021 3:35 PM
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Joined Oct 2010

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Dec 12, 2021 3:35 PM
916 Comments
Joined Jun 2007
KissimmeegalDec 12, 2021 3:35 PM
916 Comments

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Quote from acegolfer :
If anyone is reading this, you can designate secondary owner as well as beneficiary at the TD.gov.
I was secondary owner. They still demanded letters of appointment, which have to be done by an attorney. I also sent them (along with Judges order and death certificate), everything they requested, including both our birth certificates and our marriage license.
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Dec 12, 2021 3:38 PM
676 Comments
Joined Jul 2007
343guiltysparkDec 12, 2021 3:38 PM
676 Comments
Quote from thehash :
that's the type of thinking we had with real estate pre 2008. LMAO
The key difference here is that these are Treasury bills guaranteed by the U.S. Treasury to pay back.

Pre-2008 mortgage backed securities were secured by pools of risky mortgages that inevitably declined in value.

Not sure you can compare shady banks indication to pay based on values of highly speculative loans circa 2008 against the U.S. Treasury's promise to pay.
1
Dec 12, 2021 3:39 PM
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Joined Nov 2006
KManDec 12, 2021 3:39 PM
7.5K Comments
Quote from thehash :
that's the type of thinking we had with real estate pre 2008. LMAO
What does a hugely unregulated private sector market have to do with what has literally been the most secure, reliable and 100% default-free security in human history? There is no comparison whatsoever and only an ignorant person would say otherwise.
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QA
Dec 12, 2021 3:39 PM
878 Comments
Joined Mar 2005
EZ_slickdealz
QA
Dec 12, 2021 3:39 PM
878 Comments
This is basically a repost: https://slickdeals.net/f/15164191-us-i-series-savings-bond-from-treasurydirect-up-to-10k-currently-3-54-soon-7-1

Lots of good info in this other thread.
Last edited by EZ_slickdealz December 12, 2021 at 07:49 AM.
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Dec 12, 2021 3:39 PM
598 Comments
Joined Sep 2019
SlickMask6251Dec 12, 2021 3:39 PM
598 Comments

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Quote from Follywood :
Crypto baby!
You will never sell it and that's why you will never enjoy it.
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6
Dec 12, 2021 3:40 PM
1.1K Comments
Joined Oct 2007
MikeyMike01Dec 12, 2021 3:40 PM
1.1K Comments
Quote from apffel :
So crazy to me that people still think this way. Crypto has a $3 Trillion market cap. Definitely will never go to zero and still the fastest growing investment in my portfolio.
It's not the first speculative bubble and it won't be the last… make sure you get out before it goes to zero
5
Dec 12, 2021 3:40 PM
3.6K Comments
Joined Oct 2020
Honest-IJMDec 12, 2021 3:40 PM
3.6K Comments
Quote from NICK777 :
He is wrong, but silver and gold are both down in the last 30 days, the last 6 months, and the last year, despite rampant inflation. https://goldprice.org/
Rising gold prices are a sign of a failing currency, do you think the government would want to let that happen? The shorting on the precious metals is insane.
Here is a cautionary tale of Germany during the Weimar Republic:
https://en.m.wikipedia.org/wiki/H...r_Republic
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Dec 12, 2021 3:42 PM
803 Comments
Joined Aug 2006
bizcut99Dec 12, 2021 3:42 PM
803 Comments
Thanks. Did this in November. Will do again in January.
Dec 12, 2021 3:43 PM
2.1K Comments
Joined Jan 2010
TrevorKDec 12, 2021 3:43 PM
2.1K Comments
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?
Near 0% prime for decades is why we have inflation.
8
Dec 12, 2021 3:44 PM
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Joined Nov 2006
KManDec 12, 2021 3:44 PM
7.5K Comments
Quote from shortprong :
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).
That you would compare the government and economy of the US to that of Zimbabwe says everything one needs to know about your level of economic sophistication and intelligence. And Treasury would have to "print" money at orders of magnitude higher than it has for what you ignorantly predicted to happen. It's like saying that because you spent a bit too much on Xmas presents this year, you're going to lose everything soon. Sheesh. Get a grip people. The sky is not falling and no real economist says otherwise. If you don't want to buy US securities, then don't.
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Dec 12, 2021 3:45 PM
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Joined Oct 2020
Honest-IJMDec 12, 2021 3:45 PM
3.6K Comments
Fed chairman Powell said it was time to retire the phrase "Transitory", so I guess someone did...
https://www.cnbc.com/2021/12/02/p...e-ecb.html
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