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expired Posted by dn90003 • Dec 12, 2021
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expired Posted by dn90003 • Dec 12, 2021

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

(Limit $10K/Year Per Person)

7.12% Interest

3,499 Comments 1,455,870 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
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
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
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 13, 2021
415 Posts
Joined Sep 2007
Dec 13, 2021
Bobmuhthol
Dec 13, 2021
415 Posts
Quote from skwishbot :
When I was young, my Grandma gave me a $100 savings bond. After 30 years I cashed it in. Got $160. Yay?
She paid $50 for it.
Dec 13, 2021
3,313 Posts
Joined Nov 2010
Dec 13, 2021
bchill
Dec 13, 2021
3,313 Posts
Quote from D.Little :
404. Which article are you trying to link to?
Search I bonds and it is the second link "How to Buy I bonds" Not sure why link is not working

Fresh Link try again: https://thefinancebuff.com/how-to...bonds.html
Dec 13, 2021
234 Posts
Joined Jan 2021
Dec 13, 2021
HilariousRecess268
Dec 13, 2021
234 Posts
Quote :
Quote from koreanbeefcake :
Crazy that people have 10k sitting around. I need to work more overtime.
Great to buy the maximum if you have enough cash, but you can buy in much smaller amounts if you don't.
Dec 13, 2021
468 Posts
Joined Mar 2009
Dec 13, 2021
legacy0100
Dec 13, 2021
468 Posts
Dayum interesting times we live in
Dec 13, 2021
327 Posts
Joined Aug 2011
Dec 13, 2021
play2winit
Dec 13, 2021
327 Posts
Is this what TIPS are?
Dec 13, 2021
6,660 Posts
Joined Mar 2004
Dec 13, 2021
practicalme
Dec 13, 2021
6,660 Posts
Quote from bobdelt :
This is wrong. Series I bonds have gone negative twice in history.
Inflation rate can go negative but the composite rate has not gone below zero.

Per TD: If the inflation rate is so negative that it would take away more than the fixed rate, we don't let that happen. We stop at zero.
Dec 13, 2021
6,660 Posts
Joined Mar 2004
Dec 13, 2021
practicalme
Dec 13, 2021
6,660 Posts
Quote from debteb :
Yeah dont use suggested password from google when signing up. It's a plain clicking the virtual keyboardFrown
I've got a 26 character password. I used the password feature of my browser so no need to type it as long as I'm using my personal computer.

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Dec 13, 2021
1,183 Posts
Joined Mar 2005
Dec 13, 2021
acegolfer
Dec 13, 2021
1,183 Posts
Quote from practicalme :
Inflation rate can go negative but the composite rate has not gone below zero.

Per TD: If the inflation rate is so negative that it would take away more than the fixed rate, we don't let that happen. We stop at zero.
This is correct. The above poster doesn't understand well.
Dec 13, 2021
2,184 Posts
Joined Aug 2014
Dec 13, 2021
Cmurphy16
Dec 13, 2021
2,184 Posts
Quote from skwishbot :
When I was young, my Grandma gave me a $100 savings bond. After 30 years I cashed it in. Got $160. Yay?
She only paid $50. Probably stopped earning interest or only a half percent after 20 year. I have several EE bonds bought in 2002 that have already reached face value but now only earning half percent.
Dec 13, 2021
3,055 Posts
Joined Feb 2017
Dec 13, 2021
Redmont
Dec 13, 2021
3,055 Posts
Quote from sdpoker :
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 = [fixed rate + (2 x semiannual inflation rate) + (fixed rate x semiannual inflation rate)]
Thanks I was about to move my money out of the bank where I am getting 0.01% interest until I saw this warning that the rate on these bonds — although now at over 7% -might go down to 3 or 4% — whew — dodged a bullet there !
Last edited by Redmont December 12, 2021 at 04:27 PM.
2
Dec 13, 2021
234 Posts
Joined Jan 2021
Dec 13, 2021
HilariousRecess268
Dec 13, 2021
234 Posts
Quote from ranran :
You know, all the financial advisers of our time poo-poo'd crypto for years and said it was a terrible idea.... and yet, many major financial institutions are now getting into it and more and more companies are considering it as a viable payment method.

Sooo...... what data/evidence do you have that convinces you crypto is a dead-end?
Are these the same financial people that got us into the subprime mortgage mess? Usually when bubbles are about to burst is when everyone is on board. When your shoe shine boy is giving you stock tips, sell your stock.

I hope that I am wrong about crypto, because the implications to the financial markets will be huge.
Dec 13, 2021
234 Posts
Joined Jan 2021
Dec 13, 2021
HilariousRecess268
Dec 13, 2021
234 Posts
Quote from hiroler :
Do people with income over the highest marginal tax bracket ever invest in these? Like is there any point historically in dealing with these when you're going to lose 37% federal tax anyway? I assume these usually gain like 2-3%. Asking for a high w-2 friend.
If you are such a high net worth type the $10K a year limit might not make it worth your time. The $10K might be such a small portion of your portfolio that is is insignificant. Still a good deal is a good deal!
Dec 13, 2021
11 Posts
Joined Oct 2017
Dec 13, 2021
techn0nerd
Dec 13, 2021
11 Posts
Quote from Wyvern1 :
can we transfer these to a brokerage?
No. i-series bonds are either paper, or held on treasurydirect.gov
Dec 13, 2021
2,996 Posts
Joined Dec 2009
Dec 13, 2021
RyanMPLS
Dec 13, 2021
2,996 Posts
Quote from HilariousRecess268 :
If you are such a high net worth type the $10K a year limit might not make it worth your time. The $10K might be such a small portion of your portfolio that is is insignificant. Still a good deal is a good deal!
Also, savings bonds are exempt from taxation by any State or political subdivision of a State, except for estate or inheritance taxes. So local can be big depending.

https://www.treasurydirect.gov/in...nce.htm​

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Dec 13, 2021
376 Posts
Joined Dec 2007
Dec 13, 2021
James Mason
Dec 13, 2021
376 Posts
Quote from jhyman :
If your definition of always is 40 years and doesn't include real estate in Detroit or many other areas.
Actually , 29 years and it's ALWAYS. Detroit, yek, no one wants to live there.

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