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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
Good Deal
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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 4:11 PM
7.5K Comments
Joined Nov 2006
KManDec 12, 2021 4:11 PM
7.5K 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.
The dollar is far far FAR from being worthless, based on what you wrote, for all sorts of reasons, from there being no other global currency able or likely to replace it to federal spending not being anywhere near as out of control as some folks make it out to be. The economy is growing, which sometimes leads to inflation as demand outpaces supply, and requires the money supply and federal spending to grow to match it. E.g. more people, more businesses, more consumer demand, more trade, requires more money, more infrastructure, and so on. We're experiencing inevitable bubbles, since economies don't expand or contract in a linear and steady fashion. Some are good, others bad, but they're inevitable. It's what happens over the long run that matters.
3
Dec 12, 2021 4:11 PM
28 Comments
Joined Mar 2014
PatP1990Dec 12, 2021 4:11 PM
28 Comments
Quote from IndiaPaleAle :
Apples to oranges.

'Returns up to 20%'

Past performance is no guarantee of future returns.
Still fruit though, point of the post was to make money but inflation will negate any gains you get. Point is there are better, more effective ways to make money.

That combined with the fact that the the S&P has always accrued in value over time.
5
Dec 12, 2021 4:11 PM
10.9K Comments
Joined Nov 2010
youra6Dec 12, 2021 4:11 PM
10.9K Comments
Quote from IndiaPaleAle :
Apples to oranges.

'Returns up to 20%'

Past performance is no guarantee of future returns.
Yep 2022 could return way less than 20%. If your company is public and offers a ESPP, I would put as much as you can into it. Pretty much a guaranteed 15% return if you can sell it right away. Even more if your companies stock goes up.
1
Dec 12, 2021 4:13 PM
189 Comments
Joined Feb 2007
alcedesDec 12, 2021 4:13 PM
189 Comments
Fix the money fix the world
3
Dec 12, 2021 4:14 PM
2.4K Comments
Joined Dec 2008
revocDec 12, 2021 4:14 PM
2.4K 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).
Would you believe someone actually deleted my post that you replied to?
Dec 12, 2021 4:14 PM
3.3K Comments
Joined Aug 2014
shark974Dec 12, 2021 4:14 PM
3.3K Comments
Quote from Slicksale :
Buy properties, safe bet.

As far as I can tell stocks are the play. They historically return as much as real estate, except there is ZERO work involved. You literally sit on your ass while they go up.

The only caveat is you may experience a few years of down returns. However, I'm old. I know now when stocks go down, they ALWAYS go back up and to new records, just a matter of time.

Bitcoin is interesting and I have a little, but stocks to me seem just as tangible and as much a long term store of value as gold/crypto.
2
Dec 12, 2021 4:14 PM
3.7K Comments
Joined Feb 2007
nolenskiDec 12, 2021 4:14 PM
3.7K Comments
Quote from dandidit :
Really?
https://silverprice.org/silver-pr...-per-ounce
Interesting how the people selling you the shiny metals always pick 20 years. (Hint: if you're selling do you really want to give a bad outlook?)
Do this for 30 years, or as others have already mentioned, shorter periods and things are not so Very Peri!

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Dec 12, 2021 4:16 PM
29 Comments
Joined Jul 2018
NeatHalibut785Dec 12, 2021 4:16 PM
29 Comments
Says website is down when trying to Open account.
Dec 12, 2021 4:17 PM
7.7K Comments
Joined Sep 2008
DogAndPonyDec 12, 2021 4:17 PM
7.7K Comments
Quote from PatP1990 :
Still fruit though, point of the post was to make money but inflation will negate any gains you get. Point is there are better, more effective ways to make money.

That combined with the fact that the the S&P has always accrued in value over time.
The point is that this is guaranteed (at least for six months). The stock market is not guaranteed to go up. Folks keep talking about a correction so in a year your S&P might be down 10%. This will be up, maybe not 7% if the rate changes in 5 months, but still more than 0%. No guarantees with the stock market.
3
Dec 12, 2021 4:18 PM
3.7K Comments
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Dec 12, 2021 4:18 PM
3.7K Comments
Quote from PatP1990 :
Still fruit though, point of the post was to make money but inflation will negate any gains you get. Point is there are better, more effective ways to make money.

That combined with the fact that the the S&P has always accrued in value over time.
This is chump change every year with certain advantages. If you think your last 10k per should necessarily be QQQ going into 2022, good luck sir. laugh out loud
1
Dec 12, 2021 4:19 PM
112 Comments
Joined Jan 2010
droptopjimDec 12, 2021 4:19 PM
112 Comments
Quote from Follywood :
Crypto baby!
Any defi project offers better returns than these bonds
2
Dec 12, 2021 4:19 PM
11 Comments
Joined Dec 2009
olive1465Dec 12, 2021 4:19 PM
11 Comments
The CPI is actually the CP lie. They lie about inflation so they can steal wealth from the working class.
8
Dec 12, 2021 4:20 PM
2.8K Comments
Joined Dec 2007
mikebpiDec 12, 2021 4:20 PM
2.8K 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.
There is a very real possibility all Crypto goes to 0.

There is literally nothing backing the currency and nothing of intrinsic value.

Don't get me wrong, I've made some good quick bucks off crypto, but the idea it will never go to 0 is a complete lunacy.
13
Dec 12, 2021 4:21 PM
3.3K Comments
Joined Aug 2014
shark974Dec 12, 2021 4:21 PM
3.3K Comments

Our community has rated this post as helpful. If you agree, why not thank shark974

Quote from IndiaPaleAle :

Current inflation has the most to do with supply chain shortages (or shortages in general) Vs demand, direct result of 2020. Also to money printing conspiracy theorists, M1 doesn't track inflation in a vacuum. /out

This is completely incorrect. But the party in power sure wants you to believe that.

Large scale macro inflation is ALWAYS the result of money printing and not one other thing. Some people will go to the ends of the earth to refuse to acknowledge this.

Anybody who thought we were going to inject 2 trillion of covid stimulus into the economy and it not have any inflationary effect was smoking crack. What a gigantic pork filled boondoggle beyond comprehension. Who even knows where any of that money went, other than what went directly to the public. It didn't accomplish a darn thing I promise you that. Not one road, daycare, or anything else was built. It all went poof, as always.
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Dec 12, 2021 4:24 PM
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Joined May 2006
checkthatDec 12, 2021 4:24 PM
1.1K Comments
So invest or don't invest in these?
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