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.
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Thanks again for opening a TreasuryDirect account. We are having difficulty verifying the information you provided when opening your account. For your protection, please complete the Account Authorization form https://www.treasurydir
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..
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.
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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.
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Step 2: Create bonds to "protect" people against inflation
Step 3: Sell bonds like hotcakes
...
Profit
Never realize how smart some of our fellow SDer are, however this thread certainly pull out a lot of genius in the forum
So yes. It was quoted just shy of $100M, and ran up over $1.6B
Government incompetence at its finest, not to mention its a boondoggle wrapped around more government incompetence trying to run healthcare. Slow clap…
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