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 5:41 PM
3.4K Comments
Joined Dec 2009
RyanMPLSDec 12, 2021 5:41 PM
3.4K Comments
Quote from TomHagen :
Have fun with the website, especially putting in your password. It's not a scam, just a gov built website from long ago.
It was WAY worse when it was Bureau of the Public Debt! At least now a person can add a bank. A person used to have to get a Federal Medallion Stamp (kind of a federal version of notarization) and that sucks. Only thing cool about it is that it uses the same ink as what is used on US currency.
Dec 12, 2021 5:41 PM
661 Comments
Joined Dec 2004
beirbuddycomDec 12, 2021 5:41 PM
661 Comments
Quote from WiseLeopard609 :
On the surface, the deal seems fantastic but...

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.
Who says you have to be long term investors in treasuries? You can buy this, sell after a year. You'll lose 3 months of interest but at 7% APY, you'll still get a good return and it's all guaranteed return.
Dec 12, 2021 5:41 PM
2K Comments
Joined Nov 2011
capitol9000Dec 12, 2021 5:41 PM
2K Comments
That's this quarters rate. In April it could adjust to 0% or whatever the base rate is... prob .5%
3
Dec 12, 2021 5:42 PM
3.4K Comments
Joined Dec 2009
RyanMPLSDec 12, 2021 5:42 PM
3.4K Comments
Quote from spittlbm :
Treasury Direct only
Not entirely true. Can get $5K paper if tax return.
Dec 12, 2021 5:44 PM
2.1K Comments
Joined Jun 2006

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021 5:44 PM
661 Comments
Joined Dec 2004
beirbuddycomDec 12, 2021 5:44 PM
661 Comments
Quote from acegolfer :
Don't let "bond" in I-bond fool you. It is nothing like a traditional bond with fixed principal amt, fixed maturity date, fixed coupon rate. Instead, you deposit how much you want (up to $10k/yr), redeem partially any time you want after 1 yr, and the rate changes every 6 months. IMO, it's more like a restricted savings account with much higher interest rate.
I treat it More like a CD cause you lose 3 months of interest if you cash in after 12 months. But after 5, there's no penalty. Can't cash in before 12 months.
Dec 12, 2021 5:45 PM
192 Comments
Joined Sep 2015
timeleeDec 12, 2021 5:45 PM
192 Comments
Marketwatch had talked about these a couple of weeks ago:
- It's a different kind of investment profile, so I dont see the point in comparing to stocks
- It is linked to inflation and so if the inflation goes down, the rates will be re-adjusted lower
- There are some limitations in terms of when you can withdraw and the rate will be lower if you withdraw earlier

Might make sense if you are looking for a reasonably safe investment with a bit of a hedge against inflation. Beats keeping that money in the bank in a savings account.

Sign up for a Slickdeals account to remove this ad.

Dec 12, 2021 5:45 PM
11 Comments
Joined May 2014
Toemoss27Dec 12, 2021 5:45 PM
11 Comments
Quote from Wyvern1 :
can we transfer these to a brokerage?
Yes. I did from my account.
1
Dec 12, 2021 5:46 PM
4.8K Comments
Joined Sep 2008
karaziDec 12, 2021 5:46 PM
4.8K Comments
Quote from iansp :
Never say NEVER......where is Rome and Egypt today ....once great empires !!
He/she didn't say never, he/she said maybe in 10+ years.
2
Dec 12, 2021 5:46 PM
724 Comments
Joined Sep 2007
SlickPatDec 12, 2021 5:46 PM
724 Comments
Quote from RyanMPLS :
It was WAY worse when it was Bureau of the Public Debt! At least now a person can add a bank. A person used to have to get a Federal Medallion Stamp (kind of a federal version of notarization) and that sucks. Only thing cool about it is that it uses the same ink as what is used on US currency.
How do you add a bank? I was trying to update bank infor but they want me to notarize and mail form 5512.
Dec 12, 2021 5:46 PM
11 Comments
Joined May 2014
Toemoss27Dec 12, 2021 5:46 PM
11 Comments
Quote from capitol9000 :
No. Govt inly
Yes. I did from make mine in October
Dec 12, 2021 5:47 PM
2.9K Comments
Joined Jul 2009
keungDec 12, 2021 5:47 PM
2.9K Comments
Quote from langjie :
but but JPOW said it was transitory....
He already pivoted and said to retire "transitory" u need watch news more often
And btw the inflation is transitory, if you look at definition of transitory = not permanent
Inflation can be going higher for 10-50 years then it drop back to below 2% , saying that is "transitory" is correct. since it is not permanent
2
Dec 12, 2021 5:47 PM
804 Comments
Joined Sep 2013
chucktaylurDec 12, 2021 5:47 PM
804 Comments
I hate this website. I cant figure out how to fund my account with an ach. Can it be done on this site or it has to be pushed from my banks website?
Last edited by chucktaylur December 12, 2021 at 09:51 AM.
Dec 12, 2021 5:49 PM
1.2K Comments
Joined Mar 2005
acegolferDec 12, 2021 5:49 PM
1.2K Comments
Quote from chucktaylur :
I hate this website. I cant figure out how to find my account with an ach. Can it be done on this site or it has to be pushed from my banks website?
It's better to pull from TD.gov. To link bank acct, just need your bank routing number/acct number.

Sign up for a Slickdeals account to remove this ad.

Dec 12, 2021 5:52 PM
3.4K Comments
Joined Dec 2009
RyanMPLSDec 12, 2021 5:52 PM
3.4K Comments
Quote from SlickPat :
How do you add a bank? I was trying to update bank infor but they want me to notarize and mail form 5512.
Um. Good question. I have $50 per pay period dumped into Series I that I rarely touch and cannot login "invalid account" that I have had for twenty plus years.

It's not intuitive for sure. I called them last maybe 4-5 years ago, they're great on the phone, and we figured it out. They're a bit fussy because people or organizations can have potentially BILLIONS (Trillions? = China) in assets. Guy was honest about dealing with security oft times elderly peoples, large dollar sums and potential bad actors.

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