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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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)]
Oh, and btw people, the feds have always paid for things with debt. Literally no other way to do it that makes sense. But it's basically just a massive line of revolving credit that allows it to balance out spending through fat and lean years, obviating the need for austerity measures that whenever other countries tried them (and we did too on occasion), they backfired. Only 2 times we haven't been in debt was under Jefferson and Jackson, accomplished through massive spending cuts. Both directly led to the worst depressions up till that time, and in Jefferson's case left us nearly unprepared for the War of 1812 (that he helped start).
No. It's paper form. But you can add to TD acct.
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.
No.
It's 10k per calendar yr
Also a bit confused about TIPS - can you sell in the secondary market through treasury direct, or only if you buy them through a traditional broker?
The yield being high is not like a stock price being high. Those I-bonds you currently hold are earning, or will earn, this 7.12 rate for 6 months.
As far as what kind of hit you'd see, you'll have to pay federal income tax on the interest.
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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.
Inflation folks, will be here for at least 10 years since Biden is not going to stop the fiscal stimulus and the FED will do nothing to stop it because doing so will sacrifice the real estate and stock markets
Ground beef to $10/lb in 5 years or less.
However, Americans already eat way too much much so that's a bad thing how? No one NEEDS meat. Housing, basic nutrition, health care, schools, sure, but not red meat. But that's a WHOLE other matter...
We cannot go back to a pre-internet society, same with crypto.
People are mining or buying things which are only valuable because someone else said they were. Same as everything else. If "goes to 0" isn't in your risk model then your risk model hasn't accounted for every condition. Don't dismiss someone for something which is possible and could happen simply because you don't think it'll happen. There is a reason people have said this for such a long period of time, it doesn't hurt you to acknowledge it rather than be condescending about it.
LMFAO it's a farking joke
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