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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
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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
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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
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3.5K Comments

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Dec 12, 2021 6:42 PM
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Joined Feb 2012

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Dec 12, 2021 6:44 PM
70 Comments
Joined Jan 2018
brightboyqqDec 12, 2021 6:44 PM
70 Comments
I bought the maximum amount allowed per year ($10000) back in April of this year. Can I buy another $10000 of I bonds now? Or do I need to wait until next April to make another purchase? Thanks.
1
Dec 12, 2021 6:44 PM
52 Comments
Joined Jul 2014
diddypopDec 12, 2021 6:44 PM
52 Comments
You can also do $10k per kid by opening minor accounts for them under your account.
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Dec 12, 2021 6:45 PM
906 Comments
Joined Oct 2015
sumayopo
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Dec 12, 2021 6:45 PM
906 Comments
So the calendar year ends 12/31/2021, and you can buy $10K now, and $10K starting 01/01/2022?
Dec 12, 2021 6:45 PM
43 Comments
Joined Feb 2012
thecraftytouchDec 12, 2021 6:45 PM
43 Comments
Quote from Kissimmeegal :
Treasury Direct sucks. When my husband of 35 years died, they made me jump through hoops to get his money out, even though I had the Judges signed order granting me title to the funds and my husband's death certificate. Had to get my lawyer to help, even though at the time I could ill afford to put out money to pay attorney fees. Not only that, it took them two months to finally release the funds.
Good luck on getting the money back out if you need it.
Same here…been years trying to get my kids money out for school Frown wait times are over 1 hour. Not worth it!
Dec 12, 2021 6:46 PM
6.7K Comments
Joined Mar 2004
practicalmeDec 12, 2021 6:46 PM
6.7K Comments
Quote from single_flyer :
Can you buy these with a credit card?
No, ACH only.

Quote from brightboyqq :
I bought the maximum amount allowed per year ($10000) back in April of this year. Can I buy another $10000 of I bonds now? Or do I need to wait until next April to make another purchase? Thanks.
10K limit per calendar year (plus up to 5K with tax return) so you can purchase again in January 2022.
Dec 12, 2021 6:46 PM
14 Comments
Joined Jan 2021
CrimsonSeagull4439Dec 12, 2021 6:46 PM
14 Comments
Buying, but almost didn't because the UX on this thing sucks.

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Dec 12, 2021 6:47 PM
484 Comments
Joined Aug 2007
guglefanDec 12, 2021 6:47 PM
484 Comments
Little late to post here I guess. I got in November. The interest rate may not be 7.12 from May. The lowest it might go is 3.75% or something
Dec 12, 2021 6:48 PM
90 Comments
Joined Jun 2008

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021 6:48 PM
274 Comments
Joined Jul 2009
JahlapenoezDec 12, 2021 6:48 PM
274 Comments
Something that might be useful for everyone to know is that I think your balance will not credit interest for the first three months, so it will remain unchanged for your new deposit for a bit. Can anyone who is a veteran investor in i-bonds confirm this?

A bit of research seemed to indicate the balance will reflect what is available for withdrawal, and because of the 3 months of interest penalty during the first 5 years, the system won't credit your account balance with interest until 3 months have past.
Dec 12, 2021 6:48 PM
1.2K Comments
Joined Mar 2005
acegolferDec 12, 2021 6:48 PM
1.2K Comments
Quote from avitron142 :
Serious question - as someone who may need cash within the next two years, is this a good choice? I don't want to put any more into the market, and my only exposure to bonds were the 4-week rolling on treasury-direct. What's the term on these bonds?

20 years initial maturity? Am I reading that right?
Yes, it's a good choice for you. Technically, the maturity is 30 yrs but you can redeem any time after 1 yr (partially or full). Most ppl don't hold for 30 yrs.

Quote from coli :
If I use tax refund to buy the bond will it automatically show up in my TreasuryDirect account?
No. It's paper form. But you can add to TD acct.

Quote from avitron142 :
Thanks. How would this differ from TIPS then?
TIPS is close to the traditional bond. It has a face value and fixed coupon rate.
The CPI affects its face value. OTOH, CPI affects I-bonds interest rate.
TIPS is a marketable security, meaning you can sell it in the 2ndary market. I-bonds can only be redeemed at the TD.gov.

Quote from single_flyer :
Can you buy these with a credit card?
No.

Quote from brightboyqq :
I bought the maximum amount allowed per year ($10000) back in April of this year. Can I buy another $10000 of I bonds now? Or do I need to wait until next April to make another purchase? Thanks.
It's 10k per calendar yr
Dec 12, 2021 6:48 PM
6.7K Comments
Joined Mar 2004
practicalmeDec 12, 2021 6:48 PM
6.7K Comments
Quote from thecraftytouch :
Same here…been years trying to get my kids money out for school Frown wait times are over 1 hour. Not worth it!
It's so simple cashing the bonds at TD? Sell the bond and the proceeds are transferred out to your linked bank. What kind of problems are you having?
Dec 12, 2021 6:48 PM
249 Comments
Joined Jan 2021
HilariousRecess268Dec 12, 2021 6:48 PM
249 Comments
Quote :
Quote :
Quote from Wyvern1 :
can we transfer these to a brokerage?
Wyvern1can we transfer these to a brokerage?
​No, they must be kept at treasury direct.
Dec 12, 2021 6:48 PM
383 Comments
Joined Mar 2013
SuperPlatoDec 12, 2021 6:48 PM
383 Comments
Can someone tell me what is the DPCI or send a brickseek link? Thanks.
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Dec 12, 2021 6:49 PM
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Joined Nov 2012

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