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.
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3,498 Comments
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Short answer is no. Every 6 months the interest rate is recalculated for the next 6 months. It could go up if inflation goes up. It could go to 0% when inflation is low. Minimum 12 month term and you forfeit 3 months interest if you redeem before 60 months.
Series EE bonds do pay fixed interest for 30 years and are guaranteed to double in value after 20 years. EE bonds pay a pathetic 0.10 % interest now. If EE bonds ever get to 7% buy those. Fixed 7% no risk return would be great. Interest rates have been kept low for decades to prop up the stock market, housing market and broader economy in my opinion.
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Thank you-
Once you received the paper bonds then you need to goto TD to create a manifest with the bond# and value then you mail in those paper bond to TD. It took around 2 weeks for my deposited bond to show up and took my wife 4 weeks for her to show up in the account. I sent them in Oct 2021.
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Large scale macro inflation is ALWAYS the result of money printing and not one other thing. Some people will go to the ends of the earth to refuse to acknowledge this.
Anybody who thought we were going to inject 2 trillion of covid stimulus into the economy and it not have any inflationary effect was smoking crack. What a gigantic pork filled boondoggle beyond comprehension. Who even knows where any of that money went, other than what went directly to the public. It didn't accomplish a darn thing I promise you that. Not one road, daycare, or anything else was built. It all went poof, as always.
And btw the inflation is transitory, if you look at definition of transitory = not permanent
Inflation can be going higher for 10-50 years then it drop back to below 2% , saying that is "transitory" is correct. since it is not permanent
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