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expireddn90003 posted Dec 12, 2021 2:07 PM

US Treasury Series I Savings Bonds Inflation Rate Earnings (Nov '21 - April '22)

7.12% Interest

(Limit $10K/Year Per Person)
3,498 Comments
1.5M Views
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Deal Details
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?
  • 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%

Editor's Notes

Written by BostonGirl
Refer to the forum thread here for more information and details.

Original Post

Written by dn90003
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
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?
  • 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%

Editor's Notes

Written by BostonGirl
Refer to the forum thread here for more information and details.

Original Post

Written by dn90003

Community Voting

Deal Score
+952
Good Deal
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Top Comments

sdpoker
1.8KComments
463Reputation
Looks tempting. But these are only rated for inflation as fixed rate is 0%. Once inflation is back down, your rate will go down with it.
In case you're wondering, here's how the rate is computed:
Composite rate =
Go to Comment
webbiedo
4Comments
58Reputation
No, these are govt bonds. They stay in the treasury. I bonds are based on the rate of inflation. They have a fixed rate plus the current rate of inflation. Inflation goes up, you earn more. It was 3.54%. Rates went up on 11/1. To realize the full benefit you need to buy before the rates change on 5/1 and 11/1. No fees or penalties. Hold for a min.of a year. If you cash out in less than 5 years you forfeit 3 months interest. After 5 years, you don't pay anything. You can only buy $10k/yr and then up to an additional $5k if purchased directly from your tax refund.
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.
Go to Comment
foxfai
5.2KComments
3.5KReputation
By the way, using your tax refund to purchase bonds won't count toward your $10k yearly limit.

https://www.treasurydirect.gov/in...eature.htm
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3.5K Comments

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QA
Dec 14, 2021 11:18 PM
878 Comments
Joined Mar 2005
EZ_slickdealz
QA
Dec 14, 2021 11:18 PM
878 Comments
Quote from retto_pyrrah :
Whoever loaded 10K to to this Treasury Bond, do you see any options to cash out?

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 is straightforward, I won't load it for my wife or kids.
I would need to log into my account but I assume that is because funds cannot be redeemed for 12 months. HTH
Dec 14, 2021 11:30 PM
6.7K Comments
Joined Mar 2004
practicalmeDec 14, 2021 11:30 PM
6.7K Comments
Quote from retto_pyrrah :
Whoever loaded 10K to to this Treasury Bond, do you see any options to cash out?

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.
It will say 0.00 eligible until the bond(s) are at least 12-months old.
Dec 14, 2021 11:45 PM
46 Comments
Joined Jun 2019
SliccWillyDec 14, 2021 11:45 PM
46 Comments
Quote from sdpoker :
Looks tempting. But these are only rated for inflation as fixed rate is 0%. Once inflation is back down, your rate will go down with it.
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)]
are we expecting inflation to come back down any time soon? :3
Dec 14, 2021 11:56 PM
1.8K Comments
Joined Nov 2015
sdpokerDec 14, 2021 11:56 PM
1.8K Comments
Quote from SliccWilly :
are we expecting inflation to come back down any time soon? :3
nah, but your bond is 10-30 years. Do you expect it to last for 30 years?
Dec 15, 2021 12:35 AM
4K Comments
Joined Oct 2015
goodness97Dec 15, 2021 12:35 AM
4K Comments
How can I earn enough tax return to use when I file my tax return by January. Is it too late to earn the $5k tax return. Please advise. And how do I send the tax refund to my Treasury account
Dec 15, 2021 12:39 AM
6.7K Comments
Joined Mar 2004
practicalmeDec 15, 2021 12:39 AM
6.7K Comments
Quote from goodness97 :
How can I earn enough tax return to use when I file my tax return by January. Is it too late to earn the $5k tax return. Please advise. And how do I send the tax refund to my Treasury account
I pat estimate taxes regularly so I just make them more than required to make my refund larger. As for the using the tax refund, it's a form to file with your return when you file next year's taxes. Note that buying I bonds that way will be paper bonds that you will have to store or convert to electronic.
Dec 15, 2021 12:55 AM
4K Comments
Joined Oct 2015
goodness97Dec 15, 2021 12:55 AM
4K Comments
Quote from practicalme :
I pat estimate taxes regularly so I just make them more than required to make my refund larger. As for the using the tax refund, it's a form to file with your return when you file next year's taxes. Note that buying I bonds that way will be paper bonds that you will have to store or convert to electronic.
So is it too late to get more refund

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Dec 15, 2021 1:00 AM
6.7K Comments
Joined Mar 2004
practicalmeDec 15, 2021 1:00 AM
6.7K Comments
Quote from goodness97 :
So is it too late to get more refund
My Q4 taxes are due 1/15. Since you didn't know that, you probably don't pay estimated taxes. I honestly don't know how "regular" folk do it, I haven't held a real job in decades, always self employed. I'm sure there is a way. Google may be your friend if no one else has an answer.
Dec 15, 2021 1:02 AM
36 Comments
Joined Jul 2009
astr0nautDec 15, 2021 1:02 AM
36 Comments
Can a husband and wife with a living trust open 5 accounts and deposit 75k? 1 for trust, 1 each individually, and 1 each as sole proprietor?
Dec 15, 2021 1:04 AM
23 Comments
Joined Nov 2019
Timjohnson408Dec 15, 2021 1:04 AM
23 Comments
Based on the comments, I can't tell if this is a good thing or a bad thing. 😬
Dec 15, 2021 1:31 AM
523 Comments
Joined Oct 2007
ez1Dec 15, 2021 1:31 AM
523 Comments
Quote from seanleeforever :
...go local bank branch..
People still do that? The treasury website is based on the 1980's. Fun fact, Microsoft Windows, version 1.0, was released on November 20, 1985. Does explain the websites dated layout and assumption people want to go to a physical bank.
Dec 15, 2021 1:36 AM
6.7K Comments
Joined Mar 2004
practicalmeDec 15, 2021 1:36 AM
6.7K Comments
Quote from ez1 :
People still do that? The treasury website is based on the 1980's. Fun fact, Microsoft Windows, version 1.0, was released on November 20, 1985. Does explain the websites dated layout and assumption people want to go to a physical bank.
I still need to go to a branch when I need stuff notarized or other financial transactions that require in person signing. It's not often but it does happen periodically.
Dec 15, 2021 1:53 AM
5.5K Comments
Joined Nov 2007
MBZ321Dec 15, 2021 1:53 AM
5.5K Comments
Quote from ez1 :
If setting up a new account, make sure the bank account selected is the one you want...like your forever account. Unbelievable the hoops you need to go thru to link and/or change the original bank account used to setup the treasury account. Reference Form 5512 that needs to be signed by a bank official. Notary not accepted.

I was about to comment the same thing...it's like they want a blood sample and your first born to add a bank account. Luckily i still use my credit union account that I linked to it in like '08, but it just means I got to transfer any money into that account first before buying the bond...more of my funds are in a high yield savings account that I wanted to add. No idea how I even could as they don't have physical branches.
1
Dec 15, 2021 2:40 AM
38 Comments
Joined Aug 2017
DealererDec 15, 2021 2:40 AM
38 Comments
Step 1: Create inflation
Step 2: Create bonds to "protect" people against inflation
Step 3: Sell bonds like hotcakes
...
Profit
2

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Dec 15, 2021 3:06 AM
3K Comments
Joined Dec 2012
MMPGDec 15, 2021 3:06 AM
3K Comments
Quote from optimize :
Hilarious - are you an astrologer? I'm paranoid about stock market given where it is since the 2008 crash ...
If you argue with me using the 1 year time frame then you might get a valid point...
People who worry about the crash and keep worrying...they are losing all the gain they could have had during the whole worrying time...sure thing it crash in 2008 but it didn't take long (approx 4 years).to recover to where it was and triple since then...

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