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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How can a government that is trillions of dollars in debt, a lot of it held by one warmongering protagonist, offer a premium payout, just so they can they get their hands on your real money, and give you a little bit at a time?
Ponzi scheme? Hail Mary?
Pass that bottle over here. It ain't empty.
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.
Even if it does. You'll still get $175.
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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I would argue it can be safer than investing in the stock market, if you don't know anything about stocks.
Basically they can close shop with your money and there is no recourse for you.
These instruments are total junk, no comparison for treasury bonds.
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How can a government that is trillions of dollars in debt, a lot of it held by one warmongering protagonist, offer a premium payout, just so they can they get their hands on your real money, and give you a little bit at a time?
Ponzi scheme? Hail Mary?
Pass that bottle over here. It ain't empty.
The bonds I bought in 2003 are paying 1.1% fixed on top of the inflation rate of 7.12%, so 8.32%. I never intended to hold the 2003 bonds this long. They were attractive because CD rates were so low and the treasury would let you buy them with a cash back credit card and no additional fee. Getting 2% cash back up front made them much better than any CD at the time. Rates have never gone back up enough to justify selling them.
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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