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
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https://www.treasurydir
HYSA: No fixed deposit term. Variable rate.
CD: penalty for early redemption.
also it's per person, so if you have kids you can open it in their name as well
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&
"I bonds earn a rate derived from: a fixed rate of return known when you buy the bond, and an inflation rate that we calculate twice a year."
&
"If you redeem an I bond within the first 5 years, you'll lose your last 3 months interest."
Also:
"The annual interest rate for EE bonds issued from November 2021 through April 2022 is 0.10%. Regardless of the rate, at 20 years the bond will be worth twice what you pay for it. If you keep the bond that long, we will make a one-time adjustment then to fulfill this guarantee."
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Typical savings account is .02%, online savings at .4%.
It's good diversify any sort of income in my opinion.
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