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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If the Fed starts raising interest rates, the fixed rate will also likely to go up?
https://www.treasurydir
https://www.cnbc.com/2021/12/10/c...0000-.html
If the Fed starts raising interest rates, the fixed rate will also likely to go up?
https://www.treasurydir
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https://www.cnbc.com/2021/12/10/c...0000-.html [cnbc.com]
https://www.cnbc.com/2021/12/10/c...0000-.html [cnbc.com]
Request date refers to the date that the purchase request was submitted, while the issue date refers to the first day of the month in which the security was purchased. For example, if you had purchased an EE or an I Bond on July 10, the issue date would be July 1"
So, I'm not sure if anything purchased this month will count as a purchase for 2021 when the bond won't be issued until the first day of 2022. Can anyone clarify this? It might be an unwelcome surprise for many buying now and planning to buy again in a few weeks.
So, I'm not sure if anything purchased this month will count as a purchase for 2021 when the bond won't be issued until the first day of 2022. Can anyone clarify this? It might be an unwelcome surprise for many buying now and planning to buy again in a few weeks.
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Thanks for posting that article link. I found it useful. However, the article suggests you can buy 10k on Dec 31 and another 10k on Jan 1, but then I found this buried in the FAQ details...
So, I'm not sure if anything purchased this month will count as a purchase for 2021 when the bond won't be issued until the first day of 2022. Can anyone clarify this? It might be an unwelcome surprise for many buying now and planning to buy again in a few weeks.
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