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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
1.5M Views
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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
Good Deal
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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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3.5K Comments

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Dec 13, 2021 10:15 AM
750 Comments
Joined Dec 2003
lulubboyDec 13, 2021 10:15 AM
750 Comments
Wished I new about this earlier. Opened an account and funded it last night. Too bad 10k is the limit. Basically a mix between high yield savings account and a CD. Thanks OP
Dec 13, 2021 11:20 AM
1 Comments
Joined Jun 2016
bobromano4Dec 13, 2021 11:20 AM
1 Comments
Quote from 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
Thanks! This is great information. It sounds like you will be mailed paper bonds. I've recently had missed mail so this makes me nervous. Do you know if there's a way to have the bonds deposited into a Treasurydirect account instead of getting mailed paper bonds? Thanks!
Dec 13, 2021 11:40 AM
404 Comments
Joined Nov 2015
innergflowDec 13, 2021 11:40 AM
404 Comments
Quote from sd8384 :
Exactly! People are spending money like there is no tomorrow which is causing high inflation. This is government's way to incentivize people to start saving and taking the money out of circulation to reduce inflation. It is good effort in my opinion - a controlled implosion is coming (a drastic interest rate hike or fed abruptly stop buying securities etc..) to set system right otherwise inflation is here to stay for 3-5 year
Huh? There is always inflation, it doesn't just disappear lol
Dec 13, 2021 11:42 AM
1.2K Comments
Joined Mar 2005
acegolferDec 13, 2021 11:42 AM
1.2K Comments
Quote from lulubboy :
Wished I new about this earlier. Opened an account and funded it last night. Too bad 10k is the limit. Basically a mix between high yield savings account and a CD. Thanks OP
Correct. Despite "bond" in its name, i-bond is a hybrid of HYSA and CD.

HYSA: No fixed deposit term. Variable rate.
CD: penalty for early redemption.

Quote from bobromano4 :
Thanks! This is great information. It sounds like you will be mailed paper bonds. I've recently had missed mail so this makes me nervous. Do you know if there's a way to have the bonds deposited into a Treasurydirect account instead of getting mailed paper bonds? Thanks!
No. You must receive that paper one in mail then can add to the TD account in the website.
Dec 13, 2021 11:42 AM
4 Comments
Joined May 2019
SyddDesertDec 13, 2021 11:42 AM
4 Comments
The limit is 10K. And for only 6 months. Not a good deal in my speculation
1
Dec 13, 2021 12:14 PM
1.3K Comments
Joined Apr 2008
crrusherDec 13, 2021 12:14 PM
1.3K Comments
Quote from langjie :
that's my understanding

also it's per person, so if you have kids you can open it in their name as well
Do you have any more details on this? I'd love to invest $10K for each of my kids for the next 9 to X months.
Dec 13, 2021 12:25 PM
5.4K Comments
Joined Feb 2008
ghostofdavidDec 13, 2021 12:25 PM
5.4K Comments
Would you loan an addict money that already owed everyone else money? What if they owed their weird on again off again partner China more money than they could pay back in a hundred years? Don't loan money to addicts… errr the feds.
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Dec 13, 2021 12:43 PM
54 Comments
Joined Nov 2019
Juans16Dec 13, 2021 12:43 PM
54 Comments
Quote from alm4rr :
"You can buy I bonds at that rate [7.12%] through April 2022."

&

"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."
So I have I-Bond for over 15 years. What will be my interest earned on these bond? I never cashed any of my bonds so I wonder for a $50 bond what would be my earned
Dec 13, 2021 12:44 PM
1.2K Comments
Joined Mar 2005
acegolferDec 13, 2021 12:44 PM
1.2K Comments
Quote from crrusher :
Do you have any more details on this? I'd love to invest $10K for each of my kids for the next 9 to X months.
https://www.treasurydirect.gov/in...lp/faq.htm Scroll down to "minor account"
Dec 13, 2021 12:55 PM
590 Comments
Joined Dec 2006
seasixDec 13, 2021 12:55 PM
590 Comments
Quote from SyddDesert :
The limit is 10K. And for only 6 months. Not a good deal in my speculation
post a better risk free rate of return source!
Dec 13, 2021 1:10 PM
1.2K Comments
Joined Mar 2005
acegolferDec 13, 2021 1:10 PM
1.2K Comments
Quote from Juans16 :
So I have I-Bond for over 15 years. What will be my interest earned on these bond? I never cashed any of my bonds so I wonder for a $50 bond what would be my earned
Nobody knows because it has "variable" rate.
Dec 13, 2021 1:11 PM
54 Comments
Joined Nov 2019
Juans16Dec 13, 2021 1:11 PM
54 Comments
Quote from acegolfer :
Nobody knows because it has "variable" rate.
Hmm ok. So How will I know my earned? When ai cash it the bank will tell me?
Dec 13, 2021 1:14 PM
158 Comments
Joined Nov 2008
tominctDec 13, 2021 1:14 PM
158 Comments
Holy heck. The fixed rate is 0%. 7% is all inflation adjustment.
Dec 13, 2021 1:28 PM
569 Comments
Joined Jul 2019
Apricot417Dec 13, 2021 1:28 PM
569 Comments
buy BTC and HODL
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Dec 13, 2021 1:39 PM
85 Comments
Joined Oct 2020
Antagonist123Dec 13, 2021 1:39 PM
85 Comments
Quote from SyddDesert :
The limit is 10K. And for only 6 months. Not a good deal in my speculation
That's a guaranteed 3.5% return that's without risk.
Typical savings account is .02%, online savings at .4%.

It's good diversify any sort of income in my opinion.

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