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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
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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 3:51 PM
118 Comments
Joined Mar 2018
Sensei724Dec 13, 2021 3:51 PM
118 Comments
I bought 10k as a gift for someone. Is it okay if I keep them in my "gift box" for the next few years? Will it still accrue interest?
Dec 13, 2021 3:51 PM
143 Comments
Joined Feb 2016
EbbiDec 13, 2021 3:51 PM
143 Comments
Quote from thehash :
that's the type of thinking we had with real estate pre 2008.
Wait until you find out what they're doing with auto loans for the past 2 years.
Dec 13, 2021 3:52 PM
186 Comments
Joined Aug 2013
PoweroverwhelminDec 13, 2021 3:52 PM
186 Comments
Quote from Fubar1764 :
It's like congratulating yourself for a joke that was neither clever nor funny. Or as Oscar Wilde might put it (sic), "You deprive me of solitude without giving me company." Do better millennial, you're making everyone look bad.
Ok boomer
4
Dec 13, 2021 3:54 PM
8.6K Comments
Joined Apr 2020
SlickCrowd6832Dec 13, 2021 3:54 PM
8.6K Comments
This is a joke...

Interest rate GAURANTEED for 6 months and must keep money with us for 5 years to avoid all penalties. R U Kidding me.

The title of this thread is also misleading... it is as if you can keep your money for 6 months @7.12%... which is not true if you also pay a 3 month penalty. Am I missing something?
Dec 13, 2021 3:55 PM
1.2K Comments
Joined Mar 2005
acegolferDec 13, 2021 3:55 PM
1.2K Comments
Quote from Sensei724 :
I bought 10k as a gift for someone. Is it okay if I keep them in my "gift box" for the next few years? Will it still accrue interest?
Yes and yes. When ppl say "front loading", it involves what you described.
Dec 13, 2021 3:57 PM
15.7K Comments
Joined Nov 2010
80isDec 13, 2021 3:57 PM
15.7K Comments
Quote from BrianH5624 :
It's clever because boomers never understand why we say it.
or they pretended that they did not, so as not to crush your soul
1
Dec 13, 2021 4:01 PM
3.6K Comments
Joined Oct 2020
Honest-IJMDec 13, 2021 4:01 PM
3.6K Comments
Quote from BrianH5624 :
Not the same as the papier mark was not the global currency.

Never before has a paper currency been the global standard.
What about the British pound?

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Dec 13, 2021 4:02 PM
2.9K Comments
Joined Jul 2009
keungDec 13, 2021 4:02 PM
2.9K Comments
Quote from SlickCrowd6832 :
This is a joke...

Interest rate GAURANTEED for 6 months and must keep money with us for 5 years to avoid all penalties. R U Kidding me.

The title of this thread is also misleading... it is as if you can keep your money for 6 months @7.12%... which is not true if you also pay a 3 month penalty. Am I missing something?
If you don't get it a you should move on keep your $$$ in HIGH YIELD SAVING for 0.5%

Some study here might enlighten you how iBond works
https://tipswatch.com/
Dec 13, 2021 4:02 PM
6.7K Comments
Joined Mar 2004
practicalmeDec 13, 2021 4:02 PM
6.7K Comments
Quote from SlickCrowd6832 :
This is a joke...

Interest rate GAURANTEED for 6 months and must keep money with us for 5 years to avoid all penalties. R U Kidding me.

The title of this thread is also misleading... it is as if you can keep your money for 6 months @7.12%... which is not true if you also pay a 3 month penalty. Am I missing something?
Totally agree about the title and some important missing info in the OP.

This is for people who have money sitting around they don't need. I'm using the same money I have to lock up periodically for bank bonuses. At the very least I'll get 300 and some change on 10k after a year. If the rate is competitive in the second six months, even better.
Dec 13, 2021 4:04 PM
1.5K Comments
Joined Apr 2016
StefanoM3235Dec 13, 2021 4:04 PM
1.5K Comments
If I want to buy an extra $5,000 with 2020 tax return, do I need to do a card payment by the end of 2020 or can it be done at any time before I file my taxes?
Dec 13, 2021 4:07 PM
2.9K Comments
Joined Jul 2009
keungDec 13, 2021 4:07 PM
2.9K Comments
Quote from practicalme :
Totally agree about the title and some important missing info in the OP.

This is for people who have money sitting around they don't need. I'm using the same money I have to lock up periodically for bank bonuses. At the very least I'll get 300 and some change on 10k after a year. If the rate is competitive in the second six months, even better.
I am getting both Bank Bonus and a 5% interest for next 12 months (got my iBond before the 7% adjustment which was 3%+) Not sure what people are complaining about.. the OP can't fit every single detail in the title
Dec 13, 2021 4:08 PM
21.7K Comments
Joined Jun 2005
shhaggyDec 13, 2021 4:08 PM
21.7K Comments
Quote from thehash :
that's the type of thinking we had with real estate pre 2008. LMAO
If the US gov't defaults on bonds that you lose maximum $10k/yr on it, you'll have WAY bigger things to worry about.
Dec 13, 2021 4:12 PM
3.4K Comments
Joined Jan 2012
euuser1744668Dec 13, 2021 4:12 PM
3.4K Comments
How do you use a tax refund to make the purchase on their website?
Dec 13, 2021 4:14 PM
249 Comments
Joined Jan 2021
HilariousRecess268Dec 13, 2021 4:14 PM
249 Comments
Quote from Poweroverwhelmin :
Ok boomer
I thought you were making a Battlestar Galactica reference. Guess I am old and a nerd. Gen X BTW.

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Dec 13, 2021 4:18 PM
1.1K Comments
Joined Nov 2020
DoctorAwesomeDec 13, 2021 4:18 PM
1.1K Comments
Is the US Treasury issuing physical EE bonds again because that would be awesome! Nothing cooler for a gift than having the actual paper EE's and putting them in away for 20 years. I was pretty bummed out when UST switched to electronic only - lame!

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