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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So -178 gone
534 at the end of 1 year
This is an alternative to Savings with the first year being like CD. There is no risk free alternative to I Binds on the market right now.
For example, if you keep on average 6 month of your salary in liquid products like cash in savings accounts, you will not get such a higher guaranteed rate.
As long as inflation rate is high, and the government keeps the rate artificially low, this is the best financial product to not loose your cash to inflation. And if savings rate catches up, you can sell I Bonds back and transfer your money to saving account.
i hope my grandchildren live in a world that works for the common good
This is an alternative to Savings with the first year being like CD. There is no risk free alternative to I Binds on the market right now.
For example, if you keep on average 6 month of your salary in liquid products like cash in savings accounts, you will not get such a higher guaranteed rate.
As long as inflation rate is high, and the government keeps the rate artificially low, this is the best financial product to not loose your cash to inflation. And if savings rate catches up, you can sell I Bonds back and transfer your money to saving account.
Sign up for a Slickdeals account to remove this ad.
So -178 gone
534 at the end of 1 year
10K @ 7.12 for 6 months is 356.
10K @ 1.00 for 6 months is 50 (just putting a low number).
Sell at 12 months and lose 3 months of interest (25 in this scenario).
If the interest rate is a rate you like in the next 6 months, wait to cash out until 3 months into a rate you don't like.
So -178 gone
534 at the end of 1 year
10K @ 7.12 for 6 months is 356.
10K @ 1.00 for 6 months is 50 (just putting a low number).
Sell at 12 months and lose 3 months of interest (25 in this scenario).
If the interest rate is a rate you like in the next 6 months, wait to cash out until 3 months into a rate you don't like.
Sign up for a Slickdeals account to remove this ad.
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