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%
Leave a Comment
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
Sign up for a Slickdeals account to remove this ad.
https://www.treasurydirect.gov/in...eature.htm [treasurydirect.gov]
So this is like... maybe 3.5% rate over the twelve months.
Sign up for a Slickdeals account to remove this ad.
So this is like... maybe 3.5% rate over the twelve months.
So this is like... maybe 3.5% rate over the twelve months.
You can cash your Series I bonds any time after 12 months. You receive the original purchase price plus interest earnings. I bonds are meant to be longer-term investments; if you redeem an I bond within the first 5 years, you'll lose your last 3 months interest. For example, if you redeem an I bond after 18 months, you'll receive the first 15 months of interest.
https://www.treasurydir
http://www.shadowstats
Our community has rated this post as helpful. If you agree, why not thank keung
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 is VERY unlikely to go to 0.1%
The bonds reset the rate on May 1 2022, and we already have 2 months reference
Sept/Oct 2021 change is 0.83%
Oct/Nov 2021 change is 0.49%
2 months in we have a change of Sept-Nov 1.33% which annualize to 2.66%
If the rest of the 4 months we have 0% inflation you still get 1.33%
We will ASSUME the inflation is ZERO for the next 4 months so you get
10K @3.56% 6 months = $356
10K @ 1.33% 3 months = $76.5
Total interest with penalty = 432.5
It is al least 4%+ interest for 12 months if you factor in 3 months penalty and assume that the next 4 months has 0% inflation. Now let me know where can I get a 1 year 4% CD
No one say iBond it is the best investment in the world but it is a very safe investment
1. Credit agency rated US government AAA rating, this is the best rating any country can get.
2. A 2 years US treasury give you @ 0.632%, so 4% is like 6X more return
3. I have not see any CD give me more than 4% return the last 5 year have you?
Yes, people said you can do CC Bonus, Bank Bonus, everything else to 4% interest sure I do all that too, I rake in few thousands each year on those, but why do I still buy iBond? Because I don't need to do anything and it give me 4%!!
Sign up for a Slickdeals account to remove this ad.
It is VERY unlikely to go to 0.1%
The bonds reset the rate on May 1 2022, and we already have 2 months reference
Sept/Oct 2021 change is 0.83%
Oct/Nov 2021 change is 0.49%
2 months in we have a change of Sept-Nov 1.33% which annualize to 2.66%
If the rest of the 4 months we have 0% inflation you still get 1.33%
We will ASSUME the inflation is ZERO for the next 4 months so you get
10K @3.56% 6 months = $356
10K @ 1.33% 3 months = $76.5
Total interest with penalty = 432.5
It is al least 4%+ interest for 12 months if you factor in 3 months penalty and assume that the next 4 months has 0% inflation. Now let me know where can I get a 1 year 4% CD
Leave a Comment