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%
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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
3,498 Comments
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- 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
Even if the market tanks (i.e. loses 30%), still puts you ahead of these returns.
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)]
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)]
Once inflation goes back down?
Haha! That's a good one.
10 years of sub-market currency inflation along with trillions of dollars in pork? It's all over now, baby blue.
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What do you think would collapse first? The US farking dollar backed by the United States of America, or farking Tether
The choice is clear, good job we all know the obvious
If you purchase now (December), your rate will not reset next March 2022. It will reset in June 2022. You will earn half of 7.12% for 6 months.
I bought mine in October, when rate was 3.54%. It stays at 3.54% for 6 months and resets to 7.12% in April, 2022.
And, remember one has to hold them AT LEAST 12 months, so if the inflation number goes to 0%, you can't just cash them out in six months. Also, if you sell them between I think 12 months and 60 months, whatever the period you don't accrue the last 90 days of interest. So, there is essentially a 60 month holding period in order to get any full months/years of interest accrual. So, just be informed.
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Why change the formula you ask? Mid terms.
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