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?
- Must register or sign-in to your free TreasuryDirect.gov account and link a bank account.
- Click here to view a Guided Tour
- 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%
Top Comments
In case you're wondering, here's how the rate is computed:
Composite rate =
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.
https://www.treasurydir
3,499 Comments
Sign up for a Slickdeals account to remove this ad.
Diversify yourselves folks! Fiat always fails in the end.
'Returns up to 20%'
Past performance is no guarantee of future returns.
That combined with the fact that the the S&P has always accrued in value over time.
'Returns up to 20%'
Past performance is no guarantee of future returns.
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).
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.
https://silverprice.org/silver-pr...-per-ounce
Do this for 30 years, or as others have already mentioned, shorter periods and things are not so Very Peri!
Sign up for a Slickdeals account to remove this ad.
That combined with the fact that the the S&P has always accrued in value over time.
That combined with the fact that the the S&P has always accrued in value over time.
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.
Our community has rated this post as helpful. If you agree, why not thank shark974
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.
Sign up for a Slickdeals account to remove this ad.