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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Has inflation ever been less than 2? no. So this is already better than every single CD has been for like... 30 years?
Amazing cash investment. 7% you might actually beat the market say.. if things go to shit real quick.. like they did today.
"Authorized certifying officers are available at financial institutions, including credit unions, in the United States. Certification by a
notary isn't acceptable"
7.12% sounds flashy and and it should, especially in the world of .4% HYSA. If you take a look at the history of I-bonds there hasn't been a time where it was greater than .5% since 2008. This is why no one mentions it until now. If this I-bond continues returning 7% we have a bigger issue on our hands. This isn't something you would diversify a lot, at tops especially if you're young this is 2% of your portfolio and it serves as "cash holdings". This AT BEST is an emergency fund reserve. If you have 6 months of emergency reserves, 3 months of it converted to I-bonds is not a bad idea. To go anything more than this is absurd. I-bonds will go back down and no one will care about them once inflation is back on track.
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