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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
Good Deal
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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 6:50 PM
88 Comments
Joined Jan 2014
AndyA5778Dec 12, 2021 6:50 PM
88 Comments
Quote from jonnydoo :
so how do I leverage these about 300x ?
It's 10K per social security number so have a bunch of kids?
Dec 12, 2021 6:50 PM
107 Comments
Joined Nov 2013
ibetommeDec 12, 2021 6:50 PM
107 Comments
You can buy for your kids or any family member. Counts as a gift so track that. So mom and dad can buy 20k for a child. Ps check with your accountant JMO
Dec 12, 2021 6:50 PM
16 Comments
Joined Nov 2014
panshDec 12, 2021 6:50 PM
16 Comments
I guess i am good with USDC earning me 10% interest
3
Dec 12, 2021 6:50 PM
109 Comments
Joined Nov 2008
jschotthoeferDec 12, 2021 6:50 PM
109 Comments
Buy usdc stable coin it 9% a year
4
Dec 12, 2021 6:50 PM
12 Comments
Joined Apr 2019
FuschiaSpaniel140Dec 12, 2021 6:50 PM
12 Comments
Quote from thehash :
that's the type of thinking we had with real estate pre 2008. LMAO
The real issue is that if the gov defaults on T-bills, we have bigger problems to worry about.
Dec 12, 2021 6:50 PM
3.4K Comments
Joined Dec 2005
Mr. SparklesDec 12, 2021 6:50 PM
3.4K Comments
This is wrong forum for this kind of thing. The ignorant have and will flock(ed)…
1
Dec 12, 2021 6:51 PM
1.5K Comments
Joined Nov 2015

This comment has been rated as unhelpful by Slickdeals users.

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Dec 12, 2021 6:51 PM
16 Comments
Joined Mar 2019
CoralMustang137Dec 12, 2021 6:51 PM
16 Comments
Quote from uclabru1 :
Maybe repubs shouldn't have started 3 useless wars that caused 15 trillion in debt. That would have saved us a lot of time, energy, and money
The Obama administration had 8 years to end those useless wars, but didn't have any plan to do it. The wars either served some purpose, or the Obama administration has some blame in the situation and the debt it created.
6
Dec 12, 2021 6:51 PM
2.8K Comments
Joined May 2008
ponyDec 12, 2021 6:51 PM
2.8K Comments
Before you invest in US currency (bonds)...

Over 25% of the US Dollars in existence were created in the last 12 months.

The other 75% were created over the course of 103 years.

Although inflation has not caught up, this means the dollar has lost 33% of its value in just one year.
Last edited by pony December 12, 2021 at 10:54 AM.
2
Dec 12, 2021 6:51 PM
6.7K Comments
Joined Mar 2004
practicalmeDec 12, 2021 6:51 PM
6.7K Comments

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

Quote from Jahlapenoez :
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.
It's not that it won't credit, it's that it won't show as payable. It's the most recent 3 months when cashing that is the penalty.

So if you buy today and sell at 12 months, the first 6 months will earn the 7.12% and the penalty will come from whatever the second 6 month interest rate is.
2
Dec 12, 2021 6:52 PM
635 Comments
Joined Nov 2005
PinchyDec 12, 2021 6:52 PM
635 Comments
Quote from pansh :
I guess i am good with USDC earning me 10% interest
Which platform
Dec 12, 2021 6:52 PM
157 Comments
Joined Sep 2017
phatman98Dec 12, 2021 6:52 PM
157 Comments

Our community has rated this post as helpful. If you agree, why not thank phatman98

Been in ibonds for a while, adding my 2 cents here.
1. Beware that you may have to verify with a "stamp" in person if your account is randomly selected to be "verified" upon sign up (medallion signature). This is a HUGE pain, so hop you don't get selected. In my experience, I have seen this happen most often with my friends who share a joint banking account.
2. As many others have said, you can buy 10k a year. It doesn't matter when you buy during the month to get that interest, and that is when the 6 month interest rate starts. So if you buy 10k no and 10k in January, you would have 20k guaranteed at the 7% for 6 months. It could go to zero in the next 3 months, but it will never go below zero. This also protects against deflation (if you think this is a thing)
3. There is also a tax benefit, you can defer taxes until the bond matures.
4. You can also use this money to save for certain education expenses.
5. Buying this is COMPLETELY dependent on your financial situation. It definitely beats a cd, but has multiple restrictions. It may make sense, it may not. Not financial advice, DYOR Smilie
1
Dec 12, 2021 6:53 PM
142 Comments
Joined Aug 2012
wacioDec 12, 2021 6:53 PM
142 Comments
Quote from sdpoker :
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 = [fixed rate + (2 x semiannual inflation rate) + (fixed rate x semiannual inflation rate)]
The real inflation is 20%+ !!! Did you go shopping recently or bought house or car? 7% is a lie!
1
3
Dec 12, 2021 6:53 PM
16 Comments
Joined Nov 2014
panshDec 12, 2021 6:53 PM
16 Comments
Quote from Pinchy :
Which platform
Voyager and celsius

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Dec 12, 2021 6:54 PM
2.8K Comments
Joined Mar 2016
webdoctorsDec 12, 2021 6:54 PM
2.8K Comments
This is more of a CD or savings account. The idea that it's an investment like a bond is ridiculous. Gov defaulting on this would be like FDIC accounts not getting reimbursed for bank defaulting.

Ok deal for folks over 50 otherwise just stick to voo.

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