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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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Dec 13, 2021 1:44 AM
726 Comments
Joined Mar 2016
WickedcarnyDec 13, 2021 1:44 AM
726 Comments
Quote from CoralMustang137 :
You just answered your own question. "Most of the money got spent." Inflation is too much money chasing too few goods. The spending of the $2 trillion in COVID stimulus caused inflation. Doesn't take a degree in Economics, which I have, to figure that out.
You sure it wasn't due to issues in supply, manufacturing, and shipping caused by the pandemic combined with a record year of unemployment, changes in spending habits, types of good purchased ,etc? But it was the stimulus checks right?
Dec 13, 2021 1:48 AM
249 Comments
Joined Jan 2021
HilariousRecess268Dec 13, 2021 1:48 AM
249 Comments
Quote from Proud2B :
Seems better option for Tax Savings? any suggestions?
As others have said, these bonds are exempt from state and local taxes. There are not many save options that will avoid federal taxes. Max out your 401K first or do a self directed deductible IRA. Remember, you don't have a tax problem, you have an INCOME problem. Smilie
Dec 13, 2021 1:51 AM
5.5K Comments
Joined Nov 2007
MBZ321Dec 13, 2021 1:51 AM
5.5K Comments
Quote from StephenH5221 :
What do we think about buying another $10K on January 1st?
Can anyone confirm that this will work? If I put 10k in December 2021, I can do another 10K next month in 2022, or do I have to wait an actual year?
Dec 13, 2021 1:53 AM
399 Comments
Joined Nov 2014
EliteDealHunterDec 13, 2021 1:53 AM
399 Comments
Quote from MBZ321 :
Can anyone confirm that this will work? If I put 10k in December 2021, I can do another 10K next month in 2022, or do I have to wait an actual year?
It says the limit is per calendar year. So the max play is $10k now, $10k in January, and overpay your tax before the end of the month by $5k so you can have another $5k when you file your taxes.
Dec 13, 2021 1:54 AM
249 Comments
Joined Jan 2021
HilariousRecess268Dec 13, 2021 1:54 AM
249 Comments
Quote from MBZ321 :
Can anyone confirm that this will work? If I put 10k in December 2021, I can do another 10K next month in 2022, or do I have to wait an actual year?
Yes it will. That is what I do.
Dec 13, 2021 1:54 AM
707 Comments
Joined Dec 2013
dealzslickDec 13, 2021 1:54 AM
707 Comments
Quote from EliteDealHunter :
It says the limit is per calendar year. So the max play is $10k now, $10k in January, and overpay your tax before the end of the month by $5k so you can have another $5k when you file your taxes.
Yup. From their website it says calendar year: The purchase amount of a gift bond counts toward the annual limit of the recipient, not the giver. So, in a calendar year, you can buy up to $10,000 in electronic bonds and up to $5,000 in paper bonds for each person you buy for.
Dec 13, 2021 2:00 AM
3.4K Comments
Joined Dec 2009
RyanMPLSDec 13, 2021 2:00 AM
3.4K Comments
VERY IMPORTANT! If buying large value like $10K a person should buy $25x400 or $100 x 100. Super easy in the options but not obvious and allows flexibility in redemption. If a person buys 1 x $10K all or nothing upon redemption. 400 x $25's annoying as heck redeeming them all but doable. Faster on the phone.

I believe $25 is the min and can go in penny increments beyond so $26.18 or $8231.73 is doable.

edit: This might be doable based upon replies. May have changed in recent years but they suggested I use small numbers in the past.
Last edited by RyanMPLS December 12, 2021 at 07:13 PM.
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Dec 13, 2021 2:03 AM
84 Comments
Joined Feb 2014
StephenH5221Dec 13, 2021 2:03 AM
84 Comments
Quote from namlook :
This is a no brainer. 10K now, 10K in January and 5k when filing taxes.
Do you have to overpay the taxes to get the refund to invest?
Dec 13, 2021 2:07 AM
249 Comments
Joined Jan 2021
HilariousRecess268Dec 13, 2021 2:07 AM
249 Comments

Our community has rated this post as helpful. If you agree, why not thank HilariousRecess268

Quote from RyanMPLS :
VERY IMPORTANT! If buying large value like $10K a person should buy $25x400 or $100 x 100. Super easy in the options but not obvious and allows flexibility in redemption. If a person buys 1 x $10K all or nothing upon redemption. 400 x $25's annoying as heck redeeming them all but doable. Faster on the phone.

I believe $25 is the min and can go in penny increments beyond so $26.18 or $8231.73 is doable.
Very good point about redemption flexibility. Purchase in increments that make the most sense based on your expected redemption needs. For me $1K or $5K works best.
1
Dec 13, 2021 2:09 AM
3.7K Comments
Joined Jul 2013
MitchJDec 13, 2021 2:09 AM
3.7K Comments
Quote from Honest-IJM :
Rising gold prices are a sign of a failing currency, do you think the government would want to let that happen? The shorting on the precious metals is insane.
Here is a cautionary tale of Germany during the Weimar Republic:
https://en.m.wikipedia.org/wiki/H...r_Republic
What?! Why is gold down? I wanted to but gold but didn't because I just assumed the price was skyrocketing.
Dec 13, 2021 2:10 AM
1.2K Comments
Joined Mar 2005
acegolferDec 13, 2021 2:10 AM
1.2K Comments
Quote from RyanMPLS :
VERY IMPORTANT! If buying large value like $10K a person should buy $25x400 or $100 x 100. Super easy in the options but not obvious and allows flexibility in redemption. If a person buys 1 x $10K all or nothing upon redemption. 400 x $25's annoying as heck redeeming them all but doable. Faster on the phone.

I believe $25 is the min and can go in penny increments beyond so $26.18 or $8231.73 is doable.
I prefer 1 $10k account rather than 400 $25 accounts. I can redeem partially.

Quote from StephenH5221 :
Do you have to overpay the taxes to get the refund to invest?
Correct. If no tax refund, you are limited to $10k/yr.
Dec 13, 2021 2:10 AM
6.1K Comments
Joined Oct 2011
prvnsDec 13, 2021 2:10 AM
6.1K Comments
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.
What's high in your mind?
Dec 13, 2021 2:14 AM
333 Comments
Joined Apr 2014

This comment has been rated as unhelpful by Slickdeals users.

Dec 13, 2021 2:18 AM
3.4K Comments
Joined Dec 2009
RyanMPLSDec 13, 2021 2:18 AM
3.4K Comments
Quote from acegolfer :
I prefer 1 $10k account rather than 400 $25 accounts. I can redeem partially.



Correct. If no tax refund, you are limited to $10k/yr.
I don't believe partial redemption is possible? The issue number differs and it's all or none in my account. And a total pain to redeem in number.

Also, $10K is not a real limit. It's per individual, but drop a tent stake for an LLC, etc. and can add as much as desired. That's like a ROTH IRA fake limit. Throw unlimited to IRA and convert.

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Dec 13, 2021 2:20 AM
249 Comments
Joined Jan 2021
HilariousRecess268Dec 13, 2021 2:20 AM
249 Comments
Quote from RyanMPLS :
I don't believe partial redemption is possible? The issue number differs and it's all or none in my account. And a total pain to redeem in number.

Also, $10K is not a real limit. It's per individual, but drop a tent stake for an LLC, etc. and can add as much as desired. That's like a ROTH IRA fake limit. Throw unlimited to IRA and convert.
I don't think you can purchase I bonds through a LLC. You need a social security number. I don't think a tax ID number will work.

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