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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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.
And what's the penalty if I have to withdraw in less than a year?
You can't withdraw before 12 months. Not an option.
That said, 7%? When did that happen in an era of near-0% prime rates?
Meanwhile, a company like Apple has to issue bonds with a higher rate of return on them than the U.S. offers (not talking about TIPS ones). Apple probably has the most fortified balance sheet in the world, and frankly they should serve as the model of a risk-free. Everyone else has to play by the rules, but the U.S. government doesn't because they continue hoodwinking people into lending them money. If any of us had a balance sheet like they did, we would all be filing bankruptcy tomorrow because our credit rating would be shot, and not a soul would risk lending money to us. Alas, they get by with the line "we've never defaulted ever, so let us borrow until we hit a $100 trillion of debt because everyone will lend to us". Such a joke lol
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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.)
What if I told you that you can invest in whatever you want without posting a sub comment on a coupon/deal website forum?
And what's the penalty if I have to withdraw in less than a year?
Someone pointed out you might need to hold for 5 Yeats to get full interest. I'm still pulling my money out after 1 year. My goal is to beat savings account rate.
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