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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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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Why change the formula you ask? Mid terms.
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.
From TD:
We set the inflation rate every six months (on the first business day of May and on the first business day of November), based on changes in the non-seasonally adjusted Consumer Price Index for all Urban Consumers (CPI-U) for all items, including food and energy.
However, the change is applied to your bond every six months from the bond's issue date. (The dates for these changes might not be May 1 and November 1.)
Check the rate change dates here: https://www.treasurydir
Nvm saw that on the web site. It is.
Pre-2008 mortgage backed securities were secured by pools of risky mortgages that inevitably declined in value.
Not sure you can compare shady banks indication to pay based on values of highly speculative loans circa 2008 against the U.S. Treasury's promise to pay.
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I am not sure on the paper series I bonds though. You have to have a refund from the feds to get the $5K in bonds? Do you know?
Even if the market tanks (i.e. loses 30%), still puts you ahead of these returns.
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I am not sure on the paper series I bonds though. You have to have a refund from the feds to get the $5K in bonds? Do you know?
make sure you enter the extra payment in your tax return https://ttlc.intuit.com/community.../00/461340
I am not sure on the paper series I bonds though. You have to have a refund from the feds to get the $5K in bonds? Do you know?
I am not sure on the paper series I bonds though. You have to have a refund from the feds to get the $5K in bonds? Do you know?
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