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%
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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
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https://slickdeals.net/f/15164191-us-i-series-savings-bond-from-treasurydirect-up-to-10k-currently-3-54-soon-7-1
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Are you an actual economic expert or do you just watch a certain "news" channel all the time?
An assertion, no matter how deeply felt or loudly made, is not an argument. And no, "It's obvious!" is not an argument, either. Nor is a personal insult or face palm.
You're referring to the SEC handing Do Kwon papers at a conference which violated their own rules. He sued SEC right back for that move. The basis of the SEC lawsuit is they are too dumb to understand how the assets are leveraged and upset that anchor and mirror allows people to buy coins representing stock shares. But really it's the same as any futures ETF or market or a million other leveraged assets.
From Yahoo article [yahoo.com]:
"In addition to violating its rules regarding service, the SEC's conduct here violated its rules requiring it to keep formal orders of investigation confidential," the suit claims.
The filing also documents a July 8, five-hour Webex call during which Kwon answered questions from SEC attorneys about how Terra's Mirror Protocol functions. A subsequent request by the SEC for documents that the company said were either too broad in scope or did not exist "evidenced the SEC's misunderstanding of the nature of the Mirror Protocol itself."
Good luck on getting the money back out if you need it.
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I am looking at historical rates over the past 5 years. The average seems to be around 2.5% a year, which isn't horrible if you are over 65 and need to park your money somewhere super safe.
Then again if you invested in Amazon 5 years ago, your investment would be worth 400% more, Walmart 200%, Bitcoin 300%.
If you are under 50, you are literally throwing money away investing in treasuries because of the time value of money. You aren't going to be wealthy turning $700 a year on $10,000.
If you believe the stock market is going to crash (it could), you should be keeping your money available, so you can buy stocks at the bottom.
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