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expireddn90003 posted Dec 12, 2021 2:07 PM

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

7.12% Interest

(Limit $10K/Year Per Person)
3,498 Comments
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Deal Details
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

Deal Score
+952
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Top Comments

sdpoker
1.8KComments
463Reputation
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 =
Go to Comment
webbiedo
4Comments
58Reputation
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.
Go to Comment
foxfai
5.2KComments
3.5KReputation
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
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3.5K Comments

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Dec 12, 2021 8:46 PM
9.4K Comments
Joined Nov 2008
LanmannaDec 12, 2021 8:46 PM
9.4K Comments
Quote from Slicksale :
Buy properties, safe bet.
Yes, buy properties when it's almost impossible to buy them. Not to mention, how inflation has raised the prices of houses 30% since the pandemic started.
Dec 12, 2021 8:49 PM
1.2K Comments
Joined Mar 2005
acegolferDec 12, 2021 8:49 PM
1.2K Comments
Quote from wicknut :
for people who have opened account and transferred fund, how was the experience? what is this 'medallion signature' thing I heard about? Is it required during the account open and fund transfer process?
This is not like a brokerage, where you transfer fund and then later invest using settled fund. Instead, it's a 1-step purchase, where you directly fund the purchase from the linked bank.

Medallion signature is required if the application gets flagged. We opened 3 TD.gov accounts this year. None required signature.
Dec 12, 2021 8:50 PM
1.5K Comments
Joined Jan 2017

This comment has been rated as unhelpful by Slickdeals users.

Dec 12, 2021 8:51 PM
568 Comments
Joined Jul 2014
Butters_St0tchDec 12, 2021 8:51 PM
568 Comments
Does anyone know if it's possible to use an investment platform like fidelity for example to purchase these bonds? It will make things easier as I will have all my investments in one place. TIA
Dec 12, 2021 8:52 PM
1.2K Comments
Joined Mar 2005
acegolferDec 12, 2021 8:52 PM
1.2K Comments
Quote from spq :
Does anyone know if it's possible to use an investment platform like fidelity for example to purchase these bonds? It will make things easier as I will have all my investments in one place. TIA
Not possible.
Dec 12, 2021 8:54 PM
52 Comments
Joined Jul 2014
diddypopDec 12, 2021 8:54 PM
52 Comments
Quote from acegolfer :
If anyone is reading this, you can designate secondary owner as well as beneficiary at the TD.gov.
Yup. You can do a pay on death like most bank accounts
Dec 12, 2021 8:54 PM
2.2K Comments
Joined Aug 2014
Cmurphy16Dec 12, 2021 8:54 PM
2.2K Comments
Quote from andrewmc23 :
Just buy crypto. Much better.
Sure. I only lost 20% in the past month in bitcoin.

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Dec 12, 2021 8:57 PM
141 Comments
Joined Dec 2017
WaethrmanDec 12, 2021 8:57 PM
141 Comments
Quote from KMan :
Low risk? How about NO risk? The US government has never defaulted on a security, like, EVER. Its value might go down over time so there's a secondary market risk, which is true of nearly any security, plus the rate appears to be floating so you lock in nothing, but the underlying security itself is as safe as it gets.

That said, 7%? When did that happen in an era of near-0% prime rates?
The US has also never had such rampant debt and has never had such a low value to the dollar in history
Pro
Dec 12, 2021 8:58 PM
835 Comments
Joined May 2006
Jackalope
Pro
Dec 12, 2021 8:58 PM
835 Comments
Quote from Lilyly :
but still pay for federal tax?
Yes. You can wait to pay the Federal tax on the interest earned when you redeem them, or you can pay the taxes each year. See the link posted in my previous message.
Dec 12, 2021 8:58 PM
1.5K Comments
Joined Jan 2017
andrewmc23Dec 12, 2021 8:58 PM
1.5K Comments
Quote from Cmurphy16 :
Sure. I only lost 20% in the past month in bitcoin.
It's on sale. Buy more. I'm up 20k in the last 2 years.
1
Dec 12, 2021 8:58 PM
89 Comments
Joined Jun 2013
JohnJ2305Dec 12, 2021 8:58 PM
89 Comments
Quote from andrewmc23 :
Just buy crypto. Much better.
I buy tokens that back by nothing.
Dec 12, 2021 8:58 PM
1.5K Comments
Joined Apr 2016
StefanoM3235Dec 12, 2021 8:58 PM
1.5K Comments
Quote from wicknut :
for people who have opened account and transferred fund, how was the experience? what is this 'medallion signature' thing I heard about? Is it required during the account open and fund transfer process?
Took less than five minutes
Dec 12, 2021 8:58 PM
362 Comments
Joined Aug 2018
CleverString959Dec 12, 2021 8:58 PM
362 Comments
Quote from Kissimmeegal :
Treasury Direct sucks. When my husband of 35 years died, they made me jump through hoops to get his money out, even though I had the Judges signed order granting me title to the funds and my husband's death certificate. Had to get my lawyer to help, even though at the time I could ill afford to put out money to pay attorney fees. Not only that, it took them two months to finally release the funds.
Good luck on getting the money back out if you need it.
We had the same issue when my dad passed away with paper bonds though. It's not easy to transfer them.
Dec 12, 2021 8:59 PM
1.6K Comments
Joined Nov 2007
suednimDec 12, 2021 8:59 PM
1.6K Comments
No dust man. I lost all my money in the collapse of the Billy Beer market.

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Dec 12, 2021 9:00 PM
2.2K Comments
Joined Aug 2014
Cmurphy16Dec 12, 2021 9:00 PM
2.2K Comments
Quote from tivoboy :
Don't confuse THIS bond with YOUR bond.. THIS bond which anyone can purchase will earn that rate through End of March, 2022. That's it, and it will reset in April 2022.. just because one buys THIS bond in December 2021, does not mean that the rate isn't going to reset in April 2022 it will for everyone of THIS bond. The pricing for THESE bonds is SET twice a year, regardless of when who buys them. Another way to look at the example is, if one buys THIS bond in Jan 2022, one doesn't keep the rate (the rate now) till the end of July 2022.. the inflation adjusted rate will adjust in April 2022 come hell or high water. Up or down.

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.
What is THIS bond and YOUR bond? The I bond rate changes every six months from whenever you buy it. If I bought today, the current rate would start 12/1 and continue for six months. That's the way the I bonds work.
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