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
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I Bond itself doesn't appreciate in value
Our community has rated this post as helpful. If you agree, why not thank matrixman
Good luck on getting the money back out if you need it.
I left detailed instructions and passwords for my spouse and child. If there are any accounts with just my name, cash them out immediately to avoid any probate problems. Worry about the taxes later. I do have a will and trust that should cover most of the accounts, but there is always a straggler account. All my accounts are linked to the joint checking account making it easy to access the funds.
A couple of tips:
You can buy late in the month and sell early in the month and you will get full interest credit for both months.
If you sell a lot of bonds, watch out for that 1099. One year I sold two batches of bonds and only received one 1099. I had a lot on my mind that year. I thought it was accurate. I filed my taxes and later received a letter audit from IRS. They picked up on that second batch but no 1099 was issued. I owed a bunch of taxes and interest.
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.
The problem with this market is the large swath of speculative stocks trading at historically high valuations. For decades, excluding bubble years, a stock trading at a 2 PEG ratio or 10x sales was richly valued. Now, there are 100s of U.S. stocks trading at 3-4 PEGs and 20-30x sales. There is a lot of room for a long term structural decline in the markets. The thing propping the market up is the money supply. If the Fed has to reign in supply to battle inflation, look out below.
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).
If I had a dollar for every time a client decided to go with a much lower return because "I'm not paying any taxes on this!"…
Not saying you're doing that here, it may be appropriate for you. Just a note for all you who are obsessed with giving the government as little money as you can
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Our community has rated this post as helpful. If you agree, why not thank acegolfer
I brushed my teeth this morning and the sun came up shortly after. Obviously I caused it to come up by brushing my teeth.
Inflation is more demand than supply. Kind of obvious but in this instance also backed by mountains of evidence.
And no, Wiemar Germany doesn't disprove that. Totally different situation that doesn't apply here. We don't have a crushing international debt burden and no one's demanding their money back on the debt we do own. They couldn't even if they wanted to because t-bills don't work that way.
The Chicago School is bunk.
https://www.treasurydirect.gov/in....htm#irate [treasurydirect.gov]
20 years initial maturity? Am I reading that right?
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