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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Also, there composite rate chart is misleading, here are the actual rates you would've gotten for the last 5 years:
1-Nov-21 7.12%
1-May-21 3.54%
1-Nov-20 1.68%
1-May-20 1.06%
1-Nov-19 2.22%
1-May-19 1.90%
1-Nov-18 2.83%
1-May-18 2.52%
1-Nov-17 2.58%
1-May-17 1.96%
Just throwing this out there... at 7.12%.... at 12 months minus 3 months interest.. nets ~5.34%...
Just throwing this out there... at 7.12%.... at 12 months minus 3 months interest.. nets ~5.34%...
2. Your calculation assumes the rate stays at 7.12% in the 2nd 6 months. We don't know that.
Just throwing this out there... at 7.12%.... at 12 months minus 3 months interest.. nets ~5.34%...
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Just throwing this out there... at 7.12%.... at 12 months minus 3 months interest.. nets ~5.34%...
However, the account balance will reflect the penalty (= last 3 months interest). So your balance will start changing from 3/1/2022, every month.
And in that case, can one open account for minors?
And in that case, can one open account for minors?
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