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expired Posted by dn90003 • Dec 12, 2021
expired Posted by dn90003 • Dec 12, 2021

US Treasury Series I Savings Bonds Inflation Rate Earnings (Nov '21 - April '22)

(Limit $10K/Year Per Person)

7.12% Interest

3,499 Comments 1,448,150 Views
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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

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Top Comments

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 =
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.
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
7,507 Posts
Joined Feb 2010
Dec 12, 2021
Mamiww6
Dec 12, 2021
7,507 Posts
Quote from shark974 :
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.
If the government had 2 trillion why did they wait for a pandemic to happen to inject into our economy? And I think you are right, too many rich people became even richer because of money printing. As always, the rich get richer and the poor get poorer.

edit: not even gonna touch the topic of billions of dollars in fraud loans
3
Dec 12, 2021
635 Posts
Joined Aug 2009
Dec 12, 2021
Maxim726X
Dec 12, 2021
635 Posts

Our community has rated this post as helpful. If you agree, why not thank Maxim726X

Quote from IndiaPaleAle :
Apples to oranges.

'Returns up to 20%'

Past performance is no guarantee of future returns.
Eh. VTSAX is up 24% YTD.

Over 10 years, up 16.17%. Yes, there may be downturns but as a long-term investment vehicle it's hard to beat.
1
2
Dec 12, 2021
2,742 Posts
Joined Oct 2020

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021
70 Posts
Joined Jan 2010
Dec 12, 2021
droptopjim
Dec 12, 2021
70 Posts
Quote from mikebpi :
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.
Tell someone who was vested in titan>usd lp that crypto will never go to zero, and see what their reply is
1
2
Dec 12, 2021
2,639 Posts
Joined Oct 2007
Dec 12, 2021
langjie
Dec 12, 2021
2,639 Posts
Quote from olive1465 :
The CPI is actually the CP lie. They lie about inflation so they can steal wealth from the working class.
but but JPOW said it was transitory....
1
Dec 12, 2021
263 Posts
Joined Feb 2009

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021
3,694 Posts
Joined Jul 2019
Dec 12, 2021
Anonymous
Dec 12, 2021
3,694 Posts
Quote from shark974 :
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.
Among all the baseless assertions you've made the irony is 'the money that went directly to the public' is more likely the leading contributor to current inflation spike, money supply to banks for loans assuredly is not. Thank you for the humor this morning, I won't be responding to your ReSeArCH.

Dead Horse
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Dec 12, 2021
648 Posts
Joined Feb 2008
Dec 12, 2021
tolgabalci
Dec 12, 2021
648 Posts
Quote from Slicksale :
Buy properties, safe bet.
Property values right now are likely over inflated. Depending upon your area property values may actually go down in the next few years.
2
Dec 12, 2021
1,630 Posts
Joined Feb 2007
Dec 12, 2021
techie333
Dec 12, 2021
1,630 Posts
Live a little....
Voyager offering 9% on USD coin and anchor protocol offering 20% on UST albeit a bit harder because you have to learn to convert dollars to UST using a middle man. Think there's a direct conversion defi launching soon
3
Dec 12, 2021
2,639 Posts
Joined Oct 2007
Dec 12, 2021
langjie
Dec 12, 2021
2,639 Posts

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

Quote from shark974 :
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.
I don't think it went poof....Jeff Bezos net worth went up by $75 billion so I know that money went to into assembling a blue phallic rocket
1
1
2
Dec 12, 2021
7,451 Posts
Joined Sep 2008
Dec 12, 2021
DogAndPony
Dec 12, 2021
7,451 Posts
Quote from Maxim726X :
Eh. VTSAX is up 24% YTD.

Over 10 years, up 16.17%. Yes, there may be downturns but as a long-term investment vehicle it's hard to beat.
You're talking LONG Term. Ten years! You only need to hold these bonds for one year. If you're expecting a downturn in the market why put it in there for a year and lose money?
1
Dec 12, 2021
11 Posts
Joined Dec 2009
Dec 12, 2021
olive1465
Dec 12, 2021
11 Posts
If you listen to Klaus Schwab over at the world economic forum. They say "We will all own nothing and be happy by 2030"
Dec 12, 2021
999 Posts
Joined Oct 2007
Dec 12, 2021
MikeyMike01
Dec 12, 2021
999 Posts
Quote from shark974 :
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.
When stocks go up, buy more. When stocks go down, buy more.
1
1
Dec 12, 2021
518 Posts
Joined Nov 2010
Dec 12, 2021
sd8384
Dec 12, 2021
518 Posts

Our community has rated this post as helpful. If you agree, why not thank sd8384

Quote from shark974 :
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.
THANK YOU !!! People will blame everything in the world including kitchen sink but recognize the smoking gun. Btw total stimulus (direct payment, government spending etc.) was over $5T and that doesn't even account for the $2T Biden wants so spend. BBB is right initiative but the timing is absolutely wrong.
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Dec 12, 2021
3,694 Posts
Joined Jul 2019
Dec 12, 2021
Anonymous
Dec 12, 2021
3,694 Posts
Quote from Maxim726X :
Eh. VTSAX is up 24% YTD.

Over 10 years, up 16.17%. Yes, there may be downturns but as a long-term investment vehicle it's hard to beat.
This investment doesn't present an either/or. Good luck to you sir. 👋🏻
1

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