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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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)]
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That said, 7%? When did that happen in an era of near-0% prime rates?
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)]
10K electronic + 5K paper bonds = 15K plus for wife another 15K total 30K
After the first of the year, you can get another 30K .... that is 60K invested in 30Days.
If this instrument stays at the same pace for a year, I am seeing a $4,272.00 profit for about an hour's work. This will be a nice egg for next Christmas.
You can also add more from your taxes somehow.
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I replied to a statement made by someone else and in it's context was correct. Maybe you should look up what the word "if" means. The statement was not a comparison. It was a real life example of what CAN happen. I didn't predict the government was going to print money at any rate. I never said the sky was falling. Yes, clearly you know my education and economic sophistication and intelligence because you were unable to comprehend what I wrote. You were even able to read stuff I must have been thinking but never actually penned! I am not as intelligent (sic) as you so I can't say what your background is. I am glad you are able to distinguish "real' economists by a simple belief of what fits your perception of reality. Maybe you could teach me who the "real" professionals are in every occupation by your accurate one sentence explanations. This would save me a lot of time in life.
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