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 3:46 PM
7.5K Comments
Joined Nov 2006
KManDec 12, 2021 3:46 PM
7.5K Comments
Quote from TrevorK :
Near 0% prime for decades is why we have inflation.
If it was decades then why just now? Wouldn't there be some precipitating event? And no, it's not why. More demand than supply is why. Plus a correction, which is all that this is, was way overdue. You can't have prices steady forever. Eventually they will go up. Better inflation than deflation. Wages and income are going up, matching if not exceeding this short-term inflation. This is all natural economics. Don't confuse inconvenience with impending doom.
15
Dec 12, 2021 3:47 PM
211 Comments
Joined Nov 2016

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021 3:47 PM
2 Comments
Joined Jan 2021
Vmo1991Dec 12, 2021 3:47 PM
2 Comments
Seeing someone post saving posts on a spending forum makes my CFP heart very happy !
1
Dec 12, 2021 3:50 PM
6.7K Comments
Joined Oct 2011

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021 3:50 PM
753 Comments
Joined Jan 2005
lunenDec 12, 2021 3:50 PM
753 Comments
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.
Always!

It's just math.
6
Dec 12, 2021 3:51 PM
7.5K Comments
Joined Nov 2006
KManDec 12, 2021 3:51 PM
7.5K Comments
Quote from Honest-IJM :
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
The price of metals has absolutely zero to do with whether or not our economy would collapse. We delinked from those standards decades ago because it no longer made sense. Their prices are only going up because of speculative frenzy by people who can't think beyond next week.
8
Dec 12, 2021 3:55 PM
7.5K Comments
Joined Nov 2006
KManDec 12, 2021 3:55 PM
7.5K Comments

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

Quote from thehash :
most people fail to realize that the government backed those mortgages by buying them up from the banks. they were regulated.

the us treasury just prints more money much easier to do than getting more triple a mortgages.

you are better off investing the money in value oriented stocks.

everyone thinks us treasuries are secure. but it might not be as secure as we all think. especially with growing threats from china.
The government buying back those mortgage securities was NOT "regulation". It was economic stabilization. NOT the same thing AT ALL. The mortgage security market collapsed because of a LACK of regulation. And the government "prints" money to match its spending-based debt levels, because it HAS to. (And it doesn't literally print it, it's all digital these days.) And it's NEVER not paid back a single cent, going back to 1776. China, Russia, the Martians, none of that can or will change that. People have to stop engaging in ignorant and fuzzy pseudu-economic thinking.
2
7

Sign up for a Slickdeals account to remove this ad.

Dec 12, 2021 3:55 PM
3.2K Comments
Joined May 2008
calisoldier83Dec 12, 2021 3:55 PM
3.2K Comments
We're sorry!

TreasuryDirect services are unavailable at this time due to scheduled system maintenance.
2
Dec 12, 2021 3:56 PM
2.1K Comments
Joined Apr 2013
raf1919Dec 12, 2021 3:56 PM
2.1K Comments
not sure who is more annoying.. a crypto owner or cross fitter.
16
8
Dec 12, 2021 4:02 PM
230 Comments
Joined Dec 2007
Aboriginal_InDeonDec 12, 2021 4:02 PM
230 Comments
Nah just buy virtual land in the metaverse. Smack
14
1
Dec 12, 2021 4:06 PM
28 Comments
Joined Mar 2014
PatP1990Dec 12, 2021 4:06 PM
28 Comments
Better off investing in index funds that follow S&P. Returns up to 20% annually.
13
Dec 12, 2021 4:08 PM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Dec 12, 2021 4:08 PM
3.7K Comments

Our community has rated this post as helpful. If you agree, why not thank 94c107ea-869c-45a5-becd-c6b552

Quote from PatP1990 :
Better off investing in index funds that follow S&P. Returns up to 20% annually.
Apples to oranges.

'Returns up to 20%'

Past performance is no guarantee of future returns.
1
7
Dec 12, 2021 4:10 PM
7.7K Comments
Joined Sep 2008
DogAndPonyDec 12, 2021 4:10 PM
7.7K Comments
Quote from Aboriginal_InDeon :
Nah just buy virtual land in the metaverse. Smack
where do you buy this? might be a good speculative play if it actually takes off.
1
Dec 12, 2021 4:10 PM
85 Comments
Joined Dec 2010
strick9Dec 12, 2021 4:10 PM
85 Comments
"but I am not in a Cult"...said everyone who has ever been in a cult. Nobody even accused you of being in a cult...😬

Sign up for a Slickdeals account to remove this ad.

Dec 12, 2021 4:11 PM
1.7K Comments
Joined Feb 2008
rotorrocketDec 12, 2021 4:11 PM
1.7K Comments

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

TD poor merchant reputation
1
10

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