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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Only Fed, not state
They way the clowns in DC are handling things, US paper will be as welcomed as a check from your Nigerian uncle.
It gets updated every 1st of the month. In your case, no change because the balance reflects the 3 month penalty. On month-4, you will see change.
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So for all practical purposes, one should assume US government will not default.
That said, 7%? When did that happen in an era of near-0% prime rates?
To give you an idea of the artificial pricing, if you purchase an actual marketable inflation protected security, TIPS, you will have to pay the issuer (government), for the inflation protection.
These are essentially subsidized rates. Good for investors and savers so take advantage of it.
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All empires end, whether through violent revolution or financial ruin. Trump, Obama, Clinton Bush, Biden none of them matter, it is the corruption of Congress which spends the money.
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