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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10K at 7.12 for 6 months is $356
10K at 1.00 for 6 months is $50
Penalty for cashing prior to 5 years, last three months interest. $25
No bank CD is giving over 3% for 12 months. Plus I save another 5% in state income taxes over a bank.
And it most likely will drop to .1% not 1%... WOW.
Now for your math lesson.
$10K @6 months = $356
Less: 3 months of interest... $178.
It's highly unlikely the next rate will drop to 0.1%. For that to happen, inflation rate has to be -1.31% between 12/2021 and 3/2022.
And it most likely will drop to .1% not 1%... WOW.
Now for your math lesson.
$10K @6 months = $356
Less: 3 months of interest... $178.
After they are 12 months old.
If you cash an I bond before it is five years old, you will lose the last three months of interest.
So half of the 1% ($25) or half of the .01 ($2.50). Either way, I get to keep the $356.
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Over 25% of the US Dollars in existence were created in the last 12 months.
The other 75% were created over the course of 103 years.
Although inflation has not caught up, this means the dollar has lost 33% of its value in just one year.
7% on a tbill?! Causes me to really worry about inflation!
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