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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if there a treasury product /bonds/note where we can park retirement savings with similar return rate? i would be more interested know about it vs this one where it is 10k capped!
Which they tell you AFTER you fill out all the online questions. Totally nuts.
Which they tell you AFTER you fill out all the online questions. Totally nuts.
Here is a PDF.
As I said, I have mixed feelings about this deal. I think it is great for certain people in certain situations.
If you are younger, I just see it as a waste of your most valuable resource, time. Historically, just about anything that isn't a ponzi scheme or fly by night company is going to earn you better than bonds.
Reward is proportionate to risk. Little risk will equal little reward.
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.
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if there a treasury product /bonds/note where we can park retirement savings with similar return rate? i would be more interested know about it vs this one where it is 10k capped!
If there was a treasury bond paying 7% or more, without a cap, it'd probably be the most popular investment tool in the world. I think the 10 year treasury bond is currently around 1.4%.
If you want to park savings, you could choose a safe-ish fund paying like 5% or so with a mix of bonds/stocks. Of course when interest rates go up, that bond portion will take a hit, at least in the short term. And likely stocks will as well. So I am using the term 'safe-ish' very loosely there.
So... umm... hmm... 1% CDs? Or.... hmm... beats me. You'd need to wait until interest rates go up then look at 3-4% CDs if they ever come around again. Or try to find an annuity product, but most of those aren't the wisest move.
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