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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
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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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Dec 15, 2021 5:57 AM
73 Comments
Joined Apr 2015
cbliss5guysDec 15, 2021 5:57 AM
73 Comments
Quote from SlickMask6251 :
You will never sell it and that's why you will never enjoy it.
That's an assumption. If Crypto went to zero today, my initial investment has already cashed out over 10x. I wouldn't put all my eggs into any single type of investment. The hate on crypto is weird. I think bonds can be great too!
1
Dec 15, 2021 7:20 AM
991 Comments
Joined May 2007
jullDec 15, 2021 7:20 AM
991 Comments
if i created my account. can i buy 10000 for my self, and 10000 for my spouse in the same account? or my spouse has to create their own account?
Last edited by jull December 14, 2021 at 11:33 PM.
Dec 15, 2021 7:22 AM
383 Comments
Joined Jan 2005
BayAreaBMWFanDec 15, 2021 7:22 AM
383 Comments
The fixed rate on these is low (0%). It used to be much higher 20 years ago.
If the Fed starts raising interest rates, the fixed rate will also likely to go up?

https://www.treasurydirect.gov/in...eChart.pdf
Dec 15, 2021 7:25 AM
1.1K Comments
Joined Sep 2009
anonymouse99Dec 15, 2021 7:25 AM
1.1K Comments
Here's some info from CNBC:

https://www.cnbc.com/2021/12/10/c...0000-.html
1
Dec 15, 2021 7:34 AM
991 Comments
Joined May 2007
jullDec 15, 2021 7:34 AM
991 Comments
Quote from jull :
if i created my account. can i buy 10000 for my self, and 10000 for my spouse in the same account? or my spouse has to create their own account?
i think my spouse has to create their own account. i just bought two 10000 orders the other day. it's still pending and i can't cancel it any more. in this case will TD cancel one of my orders? or what should i do in this case?
Dec 15, 2021 10:07 AM
1.2K Comments
Joined Mar 2005
acegolferDec 15, 2021 10:07 AM
1.2K Comments
Quote from jull :
if i created my account. can i buy 10000 for my self, and 10000 for my spouse in the same account? or my spouse has to create their own account?
Your spouse must create a separate account.

Quote from BayAreaBMWFan :
The fixed rate on these is low (0%). It used to be much higher 20 years ago.
If the Fed starts raising interest rates, the fixed rate will also likely to go up?

https://www.treasurydirect.gov/in...eChart.pdf
Yes. But not 1:1. In 2019, the fixed rate of new I-bond was 0.5%, when fed fund rate was 2%+.
Dec 15, 2021 11:26 AM
291 Comments
Joined Jun 2006
tacoma99Dec 15, 2021 11:26 AM
291 Comments
Quote from goodness97 :
What is STK?
Columbia Seligman Premium Technology Growth Fund (STK)
1

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Dec 15, 2021 11:32 AM
4K Comments
Joined Oct 2015
goodness97Dec 15, 2021 11:32 AM
4K Comments
Quote from tacoma99 :
Columbia Seligman Premium Technology Growth Fund (STK)
Where does one buy that. Is it safe.
1
Dec 15, 2021 11:38 AM
291 Comments
Joined Jun 2006
tacoma99Dec 15, 2021 11:38 AM
291 Comments
Quote from mikeyeastside :
So your investment will be worth about 25% less in 20 years than if you bought those stocks yourself given the 1.15% annual fee?
It's money well spent for professional portfolio management. The current holdings will be vastly different in20 years.
Dec 15, 2021 1:13 PM
293 Comments
Joined Apr 2012
fischDec 15, 2021 1:13 PM
293 Comments
Quote from anonymouse99 :
Here's some info from CNBC:

https://www.cnbc.com/2021/12/10/c...0000-.html [cnbc.com]
ā€‹
Quote from anonymouse99 :
Here's some info from CNBC:

https://www.cnbc.com/2021/12/10/c...0000-.html [cnbc.com]
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...
Quote :
"What is the difference between request date and issue date?
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.
Dec 15, 2021 1:28 PM
417 Comments
Joined Jan 2009
DhilpertDec 15, 2021 1:28 PM
417 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.
To elaborate, I needed to change an account I used before but no longer have. The form requires a "seal or stamp" (not notary) from the bank. I took it to a TD Bank office and they couldn't do it, had to send it to "back office" but it's supposed to be signed in their presence so that's not going to work. Then you have to mail it in. I don't think there's much chance you could buy for this year.
Dec 15, 2021 1:47 PM
920 Comments
Joined Jan 2008
MikeyMarginalDec 15, 2021 1:47 PM
920 Comments
Quote from tacoma99 :
It's money well spent for professional portfolio management. The current holdings will be vastly different in20 years.
Oh they do take advantage of options premium, so that's probably worth something
Dec 15, 2021 1:53 PM
1.2K Comments
Joined Mar 2005
acegolferDec 15, 2021 1:53 PM
1.2K Comments
Quote from fisch :
ā€‹
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.
If you purchase any time in December, the issue date will become 12/1/2021, not 1/1/2022. But don't place order on 12/31/2021 because it may not get executed in time because of the holiday.
Dec 15, 2021 1:53 PM
920 Comments
Joined Jan 2008
MikeyMarginalDec 15, 2021 1:53 PM
920 Comments
Quote from fisch :
ā€‹
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.
Buying near the end of any month gets the benefit of the whole month

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Dec 15, 2021 1:56 PM
6.7K Comments
Joined Mar 2004
practicalmeDec 15, 2021 1:56 PM
6.7K Comments
Quote from fisch :
ā€‹


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.
That means if you buy a bond today, the issue date will be December 1. I would not suggest buying on December 31 though. Besides being a shortened business day, it takes at least one business day to issue. Personally, I wouldn't wait past 12/27 or 12/28.

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