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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That said, 7%? When did that happen in an era of near-0% prime rates?
The US will default on all debt at some time in the future, it is inevitable. So called long term investment by our politicians is being financed by short term debt. The merry-go-round of $30 trillion being rolled over annually will end catastrophically.
Basically they can close shop with your money and there is no recourse for you.
These instruments are total junk, no comparison for treasury bonds.
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.
Good luck on getting the money back out if you need it.
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That said, 7%? When did that happen in an era of near-0% prime rates?
Sign up for a Slickdeals account to remove this ad.
The US will default on all debt at some time in the future, it is inevitable. So called long term investment by our politicians is being financed by short term debt. The merry-go-round of $30 trillion being rolled over annually will end catastrophically.
Leave a Comment