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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
1.5M Views
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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 7:12 PM
1.1K Comments
Joined Aug 2011
absolute42Dec 12, 2021 7:12 PM
1.1K Comments
Quote from Pseudoty :
Just buy more Gold or Silver as a hedge against inflation.
hahahahaha
Dec 12, 2021 7:12 PM
7.5K Comments
Joined Nov 2006
KManDec 12, 2021 7:12 PM
7.5K Comments
Quote from MeatCatalog :
Google.com

My statements are not controversial or even political. If the FED refuses to raise rates AND the US govt continues to send money to people while they sit at home from lockdowns there are fewer goods and services in the economy with more money. Inflation happens. Period. And it will not stop for at least 10 years because the FED refuses to crash the asset markets by raising interest rates.
So you've got no proof or really argument, just hot air, baseless projections and word salad. Got it.
2
Dec 12, 2021 7:12 PM
80 Comments
Joined Apr 2015
hooperddsDec 12, 2021 7:12 PM
80 Comments
Will only be like 4% next year.
Dec 12, 2021 7:13 PM
4 Comments
Joined Jan 2021
noamriosDec 12, 2021 7:13 PM
4 Comments
Quote from Follywood :
Crypto baby!
This is the way.
2
Dec 12, 2021 7:13 PM
3.6K Comments
Joined Mar 2019
NukinFutsDec 12, 2021 7:13 PM
3.6K Comments
Quote from RandyH2190 :
Build back better, at least we don't have any mean tweets.
Right.

And, he never promised how long it'll take to build back to that point of Betterment.

It's not what only what politicians say that should scare you ..... it's what they don't say, too.
3
Dec 12, 2021 7:13 PM
4 Comments
Joined Jan 2021

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021 7:13 PM
517 Comments
Joined Jul 2010
NessyDec 12, 2021 7:13 PM
517 Comments
Quote from hooperdds :
Will only be like 4% next year.
Which is still significantly higher than what the banks are offering.

This entire topic has turned into political theater with measuring sticks. I miss FW Finance. At least that mostly stayed on topic.

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Dec 12, 2021 7:14 PM
1 Comments
Joined Dec 2021
SalemWitch83Dec 12, 2021 7:14 PM
1 Comments
Yay. Keep the purchasing power you have and pay tax on the "gains" inflation brought when the bond matures.
Dec 12, 2021 7:15 PM
1.1K Comments
Joined Aug 2011
absolute42Dec 12, 2021 7:15 PM
1.1K Comments
Quote from MikeyMike01 :
Just don't be left holding the bag when crypto heads to $0
I remember arguing with a slickdealer years ago on ethereum when it was $100. This person was ripping on crypto saying the same thing.
3
Dec 12, 2021 7:15 PM
1.2K Comments
Joined Mar 2005
acegolferDec 12, 2021 7:15 PM
1.2K Comments
Quote from abstractj :
Is the $10k limit based on calendar year? Meaning I can buy $10k now and then another $10k comes 1/2022?
yes

Quote from wacio :
The real inflation is 20%+ !!! Did you go shopping recently or bought house or car? 7% is a lie!
The CPI (which I-bond 7.12% is based on) accounts for 30% yoy used car price increase. https://www.bls.gov/news.release/cpi.nr0.htm

Quote from Pi.314 :
so if i own a ibond from 10yrs ago, i get the 7% interest rate now?
Your rate is fixed rate (determined at the purchase and could be positive for you) + inflation rate. This rate gets changed at your every 6 month anniversaries. For example, I bought in 10/2021 so my current rate is 3.54% till 3/2021. For me, it will become 7.12% in 4/2021 for 6 months.
Dec 12, 2021 7:15 PM
1.3K Comments
Joined May 2013
TechManDadDec 12, 2021 7:15 PM
1.3K Comments
Definitely not interested in cash or bond positions right now. Crypto, standards, assets and meme stocks seem like good hedges against Evergrande cascade, inflated costs and hedge fund predatory shorting.
3
Dec 12, 2021 7:15 PM
197 Comments
Joined Oct 2019
SlickSofa719Dec 12, 2021 7:15 PM
197 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.
I similarly had trouble just getting my money back out. This is a likely-temporary inflation based increase. Given the hassle of Treasury Direct and rather low purchase limits, unless your are really trying to squeeze every penny you can this is not a great deal. (Although I recognize that many of the SD community are all about those extra pennies.)
Dec 12, 2021 7:15 PM
482 Comments
Joined Dec 2007
alm4rrDec 12, 2021 7:15 PM
482 Comments
This thread is worse than Garmin/GPS threads
Dec 12, 2021 7:17 PM
5.7K Comments
Joined Aug 2016
JenT4685Dec 12, 2021 7:17 PM
5.7K Comments
Quote from Aboriginal_InDeon :
Nah just buy virtual land in the metaverse. Smack
Not sure if you're being sarcastic or not, but Investing in the metaverse worked for me so far. I'm up about just over 10x right now on my MANA since February. (With the all the high being 20x)

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Dec 12, 2021 7:17 PM
711 Comments
Joined Dec 2007
bsfatboyDec 12, 2021 7:17 PM
711 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.
Did he have a will?

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