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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I still invest heavily in the stock market. The market is not an indicator of the economy. The world keeps printing money. Best place to 'invest' is the US stock market. Some countries have negative rates so they put their money here. This also applies to crypto, people don't put their money in the bank so they invest in crypto. It'll keep going up as well.
Silver/Gold .. I started buying some bars but its more of a hobby. I don't plan to ever sell any of it. It's just fun to look at. I actually only have silver. Maybe one day I'll get some maple gold coins.
But, no you can't do this in your name 4 times.
And what's the penalty if I have to withdraw in less than a year?
BUT -- these I bonds are better since they are not subject to State and Local tax!
https://www.treasurydir
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And what's the penalty if I have to withdraw in less than a year?
I still invest heavily in the stock market. The market is not an indicator of the economy. The world keeps printing money. Best place to 'invest' is the US stock market. Some countries have negative rates so they put their money here. This also applies to crypto, people don't put their money in the bank so they invest in crypto. It'll keep going up as well.
Silver/Gold .. I started buying some bars but its more of a hobby. I don't plan to ever sell any of it. It's just fun to look at. I actually only have silver. Maybe one day I'll get some maple gold coins.
"I bonds earn interest for 30 years unless you cash them first. You can cash them after one year. But if you cash them before five years, you lose the previous three months of interest. (For example, if you cash an I bond after 18 months, you get the first 15 months of interest.)"
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