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%
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
3,499 Comments
Sign up for a Slickdeals account to remove this ad.
I am sure you know your Math but the least you can do is to do little research on the subject before going all over the place and give out mis information.
It is VERY unlikely to go to 0.1%
The bonds reset the rate on May 1 2022, and we already have 2 months reference
Sept/Oct 2021 change is 0.83%
Oct/Nov 2021 change is 0.49%
2 months in we have a change of Sept-Nov 1.33% which annualize to 2.66%
If the rest of the 4 months we have 0% inflation you still get 1.33%
We will ASSUME the inflation is ZERO for the next 4 months so you get
10K @3.56% 6 months = $356
10K @ 1.33% 3 months = $76.5
Total interest with penalty = 432.5
It is al least 4%+ interest for 12 months if you factor in 3 months penalty and assume that the next 4 months has 0% inflation. Now let me know where can I get a 1 year 4% CD
No one say iBond it is the best investment in the world but it is a very safe investment
1. Credit agency rated US government AAA rating, this is the best rating any country can get.
2. A 2 years US treasury give you @ 0.632%, so 4% is like 6X more return
3. I have not see any CD give me more than 4% return the last 5 year have you?
Yes, people said you can do CC Bonus, Bank Bonus, everything else to 4% interest sure I do all that too, I rake in few thousands each year on those, but why do I still buy iBond? Because I don't need to do anything and it give me 4%!!
Its better than this for some people. The interest is state tax free, so if you live in a state like CA, where the marginal tax rate for most people is 9.3%, you get 4.4% effectively.
$10,000/person/year or per family?
$10,000/person/year or per family?
How do I open an account for a minor?
A Minor account is a custodial account you may establish for a child under the age of 18 if you are a parent or person providing chief support of the child. You may purchase, redeem, receive gifts, and perform other transactions within an individual account on behalf of the minor. You can even create a customized name, such as "Ben's College Fund", for the account. When the minor reaches age 18 and establishes a Primary TreasuryDirect account, you may de-link the securities from the Minor account to move them to the new Primary account. Note: Minor accounts are not available in entity accounts.
By able to redeem, it means that we can transfer back out to parent's bank account?
Sign up for a Slickdeals account to remove this ad.
How do I open an account for a minor?
A Minor account is a custodial account you may establish for a child under the age of 18 if you are a parent or person providing chief support of the child. You may purchase, redeem, receive gifts, and perform other transactions within an individual account on behalf of the minor. You can even create a customized name, such as "Ben's College Fund", for the account. When the minor reaches age 18 and establishes a Primary TreasuryDirect account, you may de-link the securities from the Minor account to move them to the new Primary account. Note: Minor accounts are not available in entity accounts.
By able to redeem, it means that we can transfer back out to parent's bank account?
Information concerning electronic and paper bonds:
Electronic bonds in TreasuryDirect. A child may not open a TreasuryDirect account, buy securities in TreasuryDirect, or conduct other transactions in TreasuryDirect. A parent or other adult custodian may open for the child a TreasuryDirect account that is linked to the adult's TreasuryDirect account. The parent or other adult custodian can buy securities and conduct other transactions for the child, and other adults can buy savings bonds for the child as gifts.
Paper bonds. Adults can buy bonds in the name of a child.
How do I open an account for a minor?
A Minor account is a custodial account you may establish for a child under the age of 18 if you are a parent or person providing chief support of the child. You may purchase, redeem, receive gifts, and perform other transactions within an individual account on behalf of the minor. You can even create a customized name, such as "Ben's College Fund", for the account. When the minor reaches age 18 and establishes a Primary TreasuryDirect account, you may de-link the securities from the Minor account to move them to the new Primary account. Note: Minor accounts are not available in entity accounts.
By able to redeem, it means that we can transfer back out to parent's bank account?
Then the "kid" decides to buy dad a nice car.....
I'm not sure how to differentiate who/how spends the money.
Sign up for a Slickdeals account to remove this ad.