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expired Posted by dn90003 • Dec 12, 2021
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expired Posted by dn90003 • Dec 12, 2021

US Treasury Series I Savings Bonds Inflation Rate Earnings (Nov '21 - April '22)

(Limit $10K/Year Per Person)

7.12% Interest

3,499 Comments 1,448,019 Views
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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

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Top Comments

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 =
webbiedo
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.
foxfai
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

3,499 Comments

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Dec 12, 2021
656 Posts
Joined Dec 2007
Dec 12, 2021
bsfatboy
Dec 12, 2021
656 Posts
Quote from Pickle :
Do you need a will to give your assets to a spouse upon death? I thought that in a communal situation the assets always default to the spouse?
It depends on the state they live in.
1
Dec 12, 2021
310 Posts
Joined Apr 2017
Dec 12, 2021
kingcyrus
Dec 12, 2021
310 Posts
If you think that's the real inflation rate, I have a beach house property in Vegas for sale
Dec 12, 2021
1,411 Posts
Joined Dec 2013
Dec 12, 2021
dg0129
Dec 12, 2021
1,411 Posts
All the people talking up Crypto is how I know Crypto is in the middle of a massive bubble. Even though its gonna be destructive I kind of can't wait to see when it does pop. Crypto is not an investment its a currency or multiple currencies. Its like saying someone should invest their money in Canada dollars. It also offer absolutely no benefit to society and after 15 years in it still has near 0 traction in the marketplace. Most people with crypto just buy and hold it... nobody actually uses it for what it was intended which is supposedly a way to spend money. Its nothing but an over-hyped value store that will eventually come crashing down once there are no suckers left to buy in.
Dec 12, 2021
60 Posts
Joined Jul 2017
Dec 12, 2021
tommyw4311
Dec 12, 2021
60 Posts
Quote from bsfatboy :
It depends on the state they live in.
The absolute best way to get your assets to spouse or anyone else is beneficiary designations. Wills can be contested.
Dec 12, 2021
1,413 Posts
Joined Sep 2003
Dec 12, 2021
Pickle
Dec 12, 2021
1,413 Posts
Quote from bsfatboy :
It depends on the state they live in.
That makes sense, I have a hand written note in my safe deposit box, "wife gets everything, if she is gone, split it among the kids evenly, if we're all gone, to my siblings evenly, if they're gone, give it to the skin cancer research fund"
1
Dec 12, 2021
1,288 Posts
Joined Jun 2009
Dec 12, 2021
NSTar
Dec 12, 2021
1,288 Posts
I'd rather buy crypto
2
Dec 12, 2021
6,658 Posts
Joined Mar 2004
Dec 12, 2021
practicalme
Dec 12, 2021
6,658 Posts
Quote from Pickle :
Do you need a will to give your assets to a spouse upon death? I thought that in a communal situation the assets always default to the spouse?
It does for most things but I can see an issue or two if it's strictly in one name. When my father passed last year, the only issues were those that were solely in his name. First thing I did after that was make sure my spouse was on everything as POD.

But there's a whole section on TD that has forms to redistribute a bond from an estate.

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Dec 12, 2021
204 Posts
Joined Mar 2017
Dec 12, 2021
TwinCitiesHoTS
Dec 12, 2021
204 Posts
Quote from apffel :
So crazy to me that people still think this way. Crypto has a $3 Trillion market cap. Definitely will never go to zero and still the fastest growing investment in my portfolio.
Yeah I remember when people said that when the market cap was 800 billion, and then bitcoin crashed from 20k to 3k. A lot of people went bankrupt. People still think this way because crypto has yet to be tied to any financially worthy assets. You are simply hoping it goes up in value but for no particular reason, and when it goes up in value it's only based on other people hoping it keeps going up in value too.
Dec 12, 2021
1,512 Posts
Joined Jan 2011
Dec 12, 2021
bugelrex
Dec 12, 2021
1,512 Posts
Quote from hydrocynus :
If you had 160k sitting in the bank, what would you do? I never invested in anything. House is fully paid. No debts, credit score at 823. 100k a year in earnings? Right now I have them at cit Bank waiting for the next bubble to blow and then flip houses.
I think you have a good plan... if you are patient. It needs a catalyst for the pop. Examples
- china invades taiwan
- biden steps down due to health reasons
- scandal at the fed
- china stock market implodes due to real estate bubble
- if inflation keeps increasing or stays elevated
Dec 12, 2021
60 Posts
Joined Jul 2017
Dec 12, 2021
tommyw4311
Dec 12, 2021
60 Posts
Quote from prvns :
So it says $10k maximum limit.. Can I create multiple accounts and buy another 10k?
Yes. I bought $40K worth of bonds. Me, my wife, and 2 kids.

But, no you can't do this in your name 4 times.
Dec 12, 2021
294 Posts
Joined May 2013
Dec 12, 2021
puffyblowfish
Dec 12, 2021
294 Posts
Quote from KMan :
Got evidence to support any of that? All you're doing here is predicting based on your imagination and fears.
look at the debt clock, look at gdp and government revenue. see that our government debt has gone up from 8T in 2007 to 28T now. and ppl were saying 8T was impossible to pay off already. we are beyond f***ed now.
Dec 12, 2021
365 Posts
Joined Feb 2018
Dec 12, 2021
Nm4223
Dec 12, 2021
365 Posts
Quote from Pseudoty :
Just buy more Gold or Silver as a hedge against inflation.
Do you know safe way to buy gold or silver? I been thinking of investing in it. Not sure where to buy or where to safely secure it
Dec 12, 2021
17 Posts
Joined Nov 2019
Dec 12, 2021
Kitchndude
Dec 12, 2021
17 Posts
You must own the bond for at least five years to receive all of the interest that is due. You cannot cash out an I bond before holding it for a year; if you do so after that point (but before five years), you forfeit three months of interest.
Dec 12, 2021
730 Posts
Joined Sep 2013
Dec 12, 2021
chucktaylur
Dec 12, 2021
730 Posts
Quote from acegolfer :
You don't transfer fund first, then buy I-bond with settled fund. It's a 1-step purchase process.



No need to push. Pull works.
Thanks. I assumed this was like a brokerage where you had to fund your account before you could buy anything. I spend 45 min trying to figure out how to fund my account lol.

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Dec 12, 2021
60 Posts
Joined Jul 2017
Dec 12, 2021
tommyw4311
Dec 12, 2021
60 Posts
Unless you like storing the gold or silver and dealing with the buy / sell spread a gold etf may be a better way to go
Dec 12, 2021
17 Posts
Joined Nov 2019
Dec 12, 2021
Kitchndude
Dec 12, 2021
17 Posts
Quote from tommyw4311 :
These are way better than any CD or especially a savings / checking account. I believe you have to hold these for at least a year then you can pull your money out. I bought for myself, my wife, and two kids. Better than letting my money sit in a savings account getting eroded by inflation.
You must own the bond for at least five years to receive all of the interest that is due. You cannot cash out an I bond before holding it for a year; if you do so after that point (but before five years), you forfeit three months of interest.

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