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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
Good Deal
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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
Go to Comment

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3.5K Comments

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Dec 13, 2021 11:19 PM
215 Comments
Joined Dec 2013
saintsfan834Dec 13, 2021 11:19 PM
215 Comments
Quote from sdpoker :
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 = [fixed rate + (2 x semiannual inflation rate) + (fixed rate x semiannual inflation rate)]
Where else are you getting 7% on a no-risk investment right now?
Dec 13, 2021 11:22 PM
2.1K Comments
Joined Mar 2013
LamePeopleBlameDec 13, 2021 11:22 PM
2.1K Comments
Quote from themoleculoman :
Well he did say "mine crypto" which you can then sell for profits. If you spend $10k on equipment you can mine around $600-700/month.
Do you have any link or video to learn more about this ? What equipment you need and how to get started etc?
Dec 13, 2021 11:31 PM
10.9K Comments
Joined Apr 2009
mdyoungDec 13, 2021 11:31 PM
10.9K Comments
Quote from yoga4life :
same happened to me. I am contacting them to see if there is a work around
Good luck on them answering the phone. I wanted to ask them what to they actually need. They show examples, but is that info just typed or the seal needs to have that info. Again it seems to me more complicated than it needs to be.
Dec 13, 2021 11:32 PM
32 Comments
Joined Nov 2011
7shankDec 13, 2021 11:32 PM
32 Comments
Is the $10K limit per person or per family. Is that limit on amount you can invest or interest you can earn?
Dec 13, 2021 11:54 PM
2.7K Comments
Joined Jun 2007
89turboiiDec 13, 2021 11:54 PM
2.7K Comments
Quote from Follywood :
Crypto baby!
Exactly, simple and transparent. When is the last time your block chain made a decision for you besides the eth wallet hack back when that they wanted to reverse the Blockchain or any premined coin cough xrp
1
Dec 13, 2021 11:55 PM
5 Comments
Joined Aug 2021
ThriftyStar9184Dec 13, 2021 11:55 PM
5 Comments
Quote from WiseLeopard609 :
On the surface, the deal seems fantastic but...

I am looking at historical rates over the past 5 years. The average seems to be around 2.5% a year, which isn't horrible if you are over 65 and need to park your money somewhere super safe.

Then again if you invested in Amazon 5 years ago, your investment would be worth 400% more, Walmart 200%, Bitcoin 300%.

If you are under 50, you are literally throwing money away investing in treasuries because of the time value of money. You aren't going to be wealthy turning $700 a year on $10,000.

If you believe the stock market is going to crash (it could), you should be keeping your money available, so you can buy stocks at the bottom.
Can you give us the link for the histroical rate? tks.
Dec 14, 2021 12:01 AM
2.7K Comments
Joined Jun 2007
89turboiiDec 14, 2021 12:01 AM
2.7K Comments
Quote from LamePeopleBlame :
Do you have any link or video to learn more about this ? What equipment you need and how to get started etc?
YouTube has some good ones. Don't get scammed or lose your wallet password please.

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Dec 14, 2021 12:06 AM
6.7K Comments
Joined Mar 2004
practicalmeDec 14, 2021 12:06 AM
6.7K Comments
Quote from ThriftyStar9184 :
Can you give us the link for the histroical rate? tks.
This might help: https://www.treasurydirect.gov/in...echart.pdf
Dec 14, 2021 12:30 AM
249 Comments
Joined Jan 2021
HilariousRecess268Dec 14, 2021 12:30 AM
249 Comments
Quote from cwel :
How to add a credit card as one of the source of funds -- I was only able to add a bank account. Also does one have to resend IRS FORM 8888 with $5k purchase of the I bond separately from the online purchase? Can one purchase the $5k using the tax refund online?
They did away with credit cards for payment. That was a WAY too good deal to last.
Dec 14, 2021 12:37 AM
360 Comments
Joined Aug 2011
play2winitDec 14, 2021 12:37 AM
360 Comments
So what makes this a true slickdeal is drop 10k before Jan 1 then drop up to 10k after Jan1 and before next rate reset.
Dec 14, 2021 12:47 AM
6.6K Comments
Joined Feb 2006
karrunDec 14, 2021 12:47 AM
6.6K Comments
OMG all the ridiculous comments on this thread! The fact is, if you have allot of money parked in a savings or checking account earning a paltry rate and can afford to tie it up for at least a year and earn a guaranteed decent return on it, then this is a good product for you. That's exactly what I'm doing.
Dec 14, 2021 1:09 AM
23 Comments
Joined Sep 2016
seanmorris08Dec 14, 2021 1:09 AM
23 Comments
Quote from foxfai :
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
If you get a refund 😭
Dec 14, 2021 1:28 AM
215 Comments
Joined Sep 2018
jbtayDec 14, 2021 1:28 AM
215 Comments
Quote from Pseudoty :
Just buy more Gold or Silver as a hedge against inflation.
Wow. Can't believe the negative counts this got 🤷🏻
Dec 14, 2021 1:35 AM
866 Comments
Joined Dec 2015
BoonJuiceDec 14, 2021 1:35 AM
866 Comments
on Jan 1, is IRA still higher priority than this?

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Dec 14, 2021 1:37 AM
1K Comments
Joined Oct 2005
imapixieDec 14, 2021 1:37 AM
1K Comments
Quote from karrun :
OMG all the ridiculous comments on this thread! The fact is, if you have allot of money parked in a savings or checking account earning a paltry rate and can afford to tie it up for at least a year and earn a guaranteed decent return on it, then this is a good product for you. That's exactly what I'm doing.
this. exactly this. my savings account is 0.5%.

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