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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That said, 7%? When did that happen in an era of near-0% prime rates?
It Cost the government quite a few million dollars as the rates went up by a minuscule amount after that.
So basically the contractor with the least experience and highest cost won the bid.
Remember the obamacare website day one? It was something like 17x (yes, seventeen fold) over budget and months late, and it crashed day one and was down for a while after.
Remember the obamacare website day one? It was something like 17x (yes, seventeen fold) over budget and months late, and it crashed day one and was down for a while after.
Been through 2003 and again in 2008, sleep better...gambling is only fun for so long...
btw, to open a minor account: https://www.treasurydir
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I see "eligible for redemption" as $0.00 for "Series I Savings Bond".
I hope I didn't scammed by this website...
Until I can confirm that cashing out back to my bank is straightforward, I won't load it for my wife or kids.
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