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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Say I deposit $10k today, after 12 months it got to $12.5k and I cash $500?
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!
Say I deposit $10k today, after 12 months it got to $12.5k and I cash $500?
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Say I deposit $10k today, after 12 months it got to $12.5k and I cash $500?
I was reluctant to purchase a bond with a 0% fixed rate even with the inflation portion of the bonds paying so much. When you run the numbers, even paying the penalty that so many people are worrying about, the bonds pay much better than any 1 year CD you will find. Park the cash you can afford to tie up for at least a year in I Bonds and reevaluate after a year. If inflation is low and interest rates on savings or CDs is higher, sell the bonds put the money somewhere else. If you do your research, you will rarely find long periods of times where savings accounts beat inflation.
Diversification is the key to investment success. That same methodology also applies to many other aspects of life.
For our family, purchasing $20k of these funds is a great way to earn a few more bucks on some funds that would otherwise be sitting in a low interest account. We have other funds that are working harder for us but at much higher risk.
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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)]
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