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expireddn90003 posted Dec 12, 2021 02:07 PM
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expireddn90003 posted Dec 12, 2021 02:07 PM

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

(Limit $10K/Year Per Person)

7.12% Interest

3,499 Comments 1,457,733 Views
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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

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Top Comments

sdpoker
1800 Posts
463 Reputation
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 =
webbiedo
4 Posts
58 Reputation
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.
foxfai
4543 Posts
3354 Reputation
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

3,498 Comments

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Dec 12, 2021 09:13 PM
388 Posts
Joined Jul 2005
Dec 12, 2021 09:13 PM
chivasDec 12, 2021 09:13 PM
388 Posts
No tendies?? Sorry but I'm out.
1
Dec 12, 2021 09:16 PM
155 Posts
Joined Jan 2009
Dec 12, 2021 09:16 PM
flytahoeDec 12, 2021 09:16 PM
155 Posts
Quote from crazyslick :
.gov will be conveniently changing the way it calculates inflation at the beginning of the new year. I can see inflation magically dropping a few percentage points in a few months.

Why change the formula you ask? Mid terms.
The government doesn't just change the way it calculates the inflation index on a whim and politicians don't control the process.The BLS is the department that does the extensive work on compiling the numbers. Some people mistakenly think a politician can easily manipulate the numbers and come out with whatever suits their fancy for upcoming elections. That is simply not true. Do a quick search for information on the process involved.
5
Dec 12, 2021 09:23 PM
1,707 Posts
Joined Jul 2008
Dec 12, 2021 09:23 PM
damnthatsadealDec 12, 2021 09:23 PM
1,707 Posts
This whole thread really shows how financially illiterate everyone is. SD posers.
1
1
Dec 12, 2021 09:24 PM
116 Posts
Joined Nov 2003
Dec 12, 2021 09:24 PM
go2gymDec 12, 2021 09:24 PM
116 Posts
So many of the comments here are completely missing the point. The 7.12% is locked in for 6 months, and you're not going to get that risk-free rate on anything else, not a CD, bank savings, etc. Even if your bonds reset to 0% after 6 months, if you redeem after one year you'd still make 3.56% annual rate. Again, risk free rate you'll get no where else. Series I Bonds' interest rate is two-part. Fixed + inflation adjusted. The fixed portion is locked in at purchase, and is currently 0%. The inflation portion will reset every 6 months from your purchase date.

The bonds are illiquid for the first year. Years 1-5 redemption simply carries with it forfeiture of the last 3 months of interest. But bonds can be redeemed portionally, or in full whenever you want after the first year. There is no secondary market for these. Also regardless of any opinions on the US govt, "risk-free" is what US Treasury bonds are considered in finance.
Dec 12, 2021 09:29 PM
600 Posts
Joined Mar 2012
Dec 12, 2021 09:29 PM
touchstoneDec 12, 2021 09:29 PM
600 Posts
Quote from HilariousRecess268 :
There is always a need for safe, long term, inflation protected cash. I use these bonds as the "upper tier" of my emergency funds. I keep about half of my emergency funds in I bonds and the rest in cash or CDs. Though the rate might not always be great when inflation drops, the spending power is more or less preserved. If I ever get in a situation where I need to access more than the cash I have on hand I can start selling off the I bonds with the lowest fixed rate that are older than 5 years. It is entirely about preserving a good cash stockpile for true emergencies. I like to keep my emergency fund at 1 year of expenses. Many people may think a 1 year emergency fund is excessive. I am sure there are plenty of people that wished they had that much easy to access cash available during this pandemic.
I've been holding onto my year of emergency funds in a checking account. This strategy is way better. Thanks for the idea.
Dec 12, 2021 09:31 PM
551 Posts
Joined Nov 2005
Dec 12, 2021 09:31 PM
PinchyDec 12, 2021 09:31 PM
551 Posts
Quote from pansh :
Voyager and celsius
Thank you
Dec 12, 2021 09:31 PM
71 Posts
Joined Apr 2020
Dec 12, 2021 09:31 PM
BeautifulCaribou887Dec 12, 2021 09:31 PM
71 Posts
I tried signing up and got a form requesting a medallion stamp from a certified agent.

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Dec 12, 2021 09:32 PM
71 Posts
Joined Apr 2020
Dec 12, 2021 09:32 PM
BeautifulCaribou887Dec 12, 2021 09:32 PM
71 Posts
Quote from flytahoe :
The government doesn't just change the way it calculates the inflation index on a whim and politicians don't control the process.The BLS is the department that does the extensive work on compiling the numbers. Some people mistakenly think a politician can easily manipulate the numbers and come out with whatever suits their fancy for upcoming elections. That is simply not true. Do a quick search for information on the process involved.
It sounds like you've never heard of the Boskin Commission.
Dec 12, 2021 09:33 PM
17 Posts
Joined Dec 2007
Dec 12, 2021 09:33 PM
slickatanDec 12, 2021 09:33 PM
17 Posts
Is this per calendar year or every 12 months? Can you buy 10k in Dec '21 then 10k in Jan '22?
Dec 12, 2021 09:34 PM
955 Posts
Joined Jul 2018
Dec 12, 2021 09:34 PM
PurplePenguin830Dec 12, 2021 09:34 PM
955 Posts
How do I short this?
4
Dec 12, 2021 09:34 PM
565 Posts
Joined Nov 2009
Dec 12, 2021 09:34 PM
jroth3Dec 12, 2021 09:34 PM
565 Posts
Quote from Tuckin :
Voyager I get 9% on usdc $1=$1… I'm okay with that
5% ETH 2.0 on Coinbase. What is voyager?
Dec 12, 2021 09:36 PM
708 Posts
Joined Aug 2004
Dec 12, 2021 09:36 PM
RossDec 12, 2021 09:36 PM
708 Posts
Quote from shortprong :
And if they continue to print money, the value of existing money drops ..... eventually to about zero.

One hundred trillion dollars—that's 100,000,000,000,000—is the largest denomination of currency ever issued. In Zimbabwe, from 2007 to 2008, the local legal tender lost more than 99.9 percent of its value (Hanke 2008).
My brother! I thought I was the only one who ever included citations in my slick deals posts!
Dec 12, 2021 09:36 PM
1,183 Posts
Joined Mar 2005
Dec 12, 2021 09:36 PM
acegolferDec 12, 2021 09:36 PM
1,183 Posts
Quote from slickatan :
Is this per calendar year or every 12 months? Can you buy 10k in Dec '21 then 10k in Jan '22?
per calendar yr.
Dec 12, 2021 09:38 PM
1,183 Posts
Joined Mar 2005
Dec 12, 2021 09:38 PM
acegolferDec 12, 2021 09:38 PM
1,183 Posts
Quote from PurplePenguin830 :
How do I short this?
There's no secondary market so you can't short it. But why would you borrow at 7.12%? If you have good credit, you should be able to borrow at lower rate.
1

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Dec 12, 2021 09:38 PM
293 Posts
Joined May 2013
Dec 12, 2021 09:38 PM
puffyblowfishDec 12, 2021 09:38 PM
293 Posts
Quote from jroth3 :
5% ETH 2.0 on Coinbase. What is voyager?
if you put it in eth 2.0, you can't withdraw until eth 2.0 actually launches. and they have been delaying for years.

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