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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
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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
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3.5K Comments

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Dec 14, 2021 1:59 AM
35 Comments
Joined Aug 2013
VictorB7230Dec 14, 2021 1:59 AM
35 Comments
Quote from PurplePenguin830 :
How do I short this?
You buy North Korean or Iranian bonds.
1
Dec 14, 2021 2:10 AM
635 Comments
Joined Nov 2005
PinchyDec 14, 2021 2:10 AM
635 Comments
It is all about risk/asset management. Not everyone understands or else 90% of SD users would not need to lurk on here because they would be making all the right moves and be financially well off. I am certain at a minimum of 50% of people here who actually have some skin in the crypto game lost a significant sum of their assets because of WSB fever.

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.
Dec 14, 2021 2:12 AM
11 Comments
Joined Oct 2020
GlockguyDec 14, 2021 2:12 AM
11 Comments
Quote from DogAndPony :
I just loaded up $40k between myself, wife and two kids. Will do another $40k in January. That is enough for me.
Did the exact same thing….well played. Will hit it again in January. Helpful hint for anyone concerned about "locking up" cash this long. Ladder the purchases so if an emergency comes up, it's not all or nothing….ie; 10k=2500, 2000, 1500 & 4000 or any combination your comfortable with.
Last edited by Glockguy December 13, 2021 at 06:15 PM.
Dec 14, 2021 2:21 AM
104 Comments
Joined Oct 2003
senseye2437Dec 14, 2021 2:21 AM
104 Comments
I have loaded 10K and it is showing up as "Series I Savings Bond - $10,000.00"
If I decide to cash out, how to move it to my bank??
It was so easy to move from my bank to the Treasury Direct account, but it seems so complicated to cash out!
Dec 14, 2021 2:22 AM
1.2K Comments
Joined Mar 2005
acegolferDec 14, 2021 2:22 AM
1.2K Comments
Quote from BoonJuice :
on Jan 1, is IRA still higher priority than this?
I plan to max IRA on 1/1/2022. Then $10k to i-bond near the end of Jan.
Dec 14, 2021 2:25 AM
1.2K Comments
Joined Mar 2005
acegolferDec 14, 2021 2:25 AM
1.2K Comments
Quote from retto_pyrrah :
I have loaded 10K and it is showing up as "Series I Savings Bond - $10,000.00"
If I decide to cash out, how to move it to my bank??
It was so easy to move from my bank to the Treasury Direct account, but it seems so complicated to cash out!
You redeem (can do partially) and move money back to the linked bank acct.
Dec 14, 2021 2:36 AM
361 Comments
Joined Dec 2007
hoover6Dec 14, 2021 2:36 AM
361 Comments
Quote from imapixie :
this. exactly this. my savings account is 0.5%.
I have a 0.55% CD lol.
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Dec 14, 2021 2:41 AM
361 Comments
Joined Dec 2007
hoover6Dec 14, 2021 2:41 AM
361 Comments
Quote from MMPG :
Can someone explain this to me like I'm 5 years old?
So if I put in $10k and after a year it will be worth $10,712?
If the rate doesn't change in spring. I am guessing it will be higher then so at least 10,712.
Dec 14, 2021 2:42 AM
2 Comments
Joined Nov 2020
andydesai13Dec 14, 2021 2:42 AM
2 Comments
Quote from Nrkeene :
Thx op but Holy #*×!

7% on a tbill?! Causes me to really worry about inflation!
Its not a treasury bill. Tbills r short term. These r bonds with 1 yr min lock in and the rate is valid for 6 months then resets as per then inflation
Dec 14, 2021 2:45 AM
2 Comments
Joined Nov 2020
andydesai13Dec 14, 2021 2:45 AM
2 Comments
Quote from hoover6 :
If the rate doesn't change in spring. I am guessing it will be higher then so at least 10,712.
The inflation has to cool off a little bit bu then. So will say guaranteed 356 at the end of 6 months but prob a little less for next 6 months.
Dec 14, 2021 2:52 AM
1.4K Comments
Joined Nov 2009
freeskier98Dec 14, 2021 2:52 AM
1.4K Comments
All this for $700? No thanks. I'll be buying real estate.
3
Dec 14, 2021 3:13 AM
413 Comments
Joined Jan 2009
lacuadra70Dec 14, 2021 3:13 AM
413 Comments
I'd rather buy Celine Dion's soundtrack of "The Titanic"
Cause this mega ship is going down the Atlantic.

🎼🎼🎼"Every night in my dreams, II see you, I feel you…." ……🎶🎶🎶🎶🎶🎶🌊🌊🎼🎼
2
Dec 14, 2021 3:24 AM
95 Comments
Joined Dec 2014
zbatchDec 14, 2021 3:24 AM
95 Comments
Gov. will change how they calculate inflation
1
Dec 14, 2021 3:26 AM
323 Comments
Joined Aug 2011
dealz2012Dec 14, 2021 3:26 AM
323 Comments
How fast can you withdraw money from these if needed?

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Dec 14, 2021 3:31 AM
407 Comments
Joined Dec 2007
James MasonDec 14, 2021 3:31 AM
407 Comments
Quote from hoover6 :
I have a 0.55% CD lol.
Your killing it! I'm jealous. I'm only getting .35 I actually just moved to Vegas and starting to bet on games with info from a friend who is very good a picking teams. So far I'm at 75% and with just small bets, I'm up at $600 per month. Maybe this will be my new retirement hobby.
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