Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Missed This Deal? Get alerts when similar deals are posted.
  1. Deal Image
Item 1 of 3
  1. Deal Image
  2. Deal Image
  3. Deal Image
Item 1 of 3
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
Visit Retailer
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
Visit Retailer

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
Go to Comment

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

3.5K Comments

Sign up for a Slickdeals account to remove this ad.

Dec 15, 2021 2:02 PM
1.1K Comments
Joined Jan 2006
sixtyDec 15, 2021 2:02 PM
1.1K Comments
why should I buy this over S&P500 index funds?
1
Dec 15, 2021 2:09 PM
65 Comments
Joined Dec 2006
AtoZedDec 15, 2021 2:09 PM
65 Comments
Because of a possible stock market crash or at least readjustment.
Dec 15, 2021 2:18 PM
237 Comments
Joined Dec 2009
jrenna07Dec 15, 2021 2:18 PM
237 Comments
So if I owned an LLC could I purchase one for myself, one for the LLC, and another for my wife?
Dec 15, 2021 2:18 PM
1.2K Comments
Joined Mar 2005
acegolferDec 15, 2021 2:18 PM
1.2K Comments
Quote from sixty :
why should I buy this over S&P500 index funds?
It's not one or the other. You can buy both.

One should not compare I-bond with equity or crypto. It should be compared against other debt/bank products such as HYSA, CD.
1
Dec 15, 2021 2:26 PM
293 Comments
Joined Apr 2012
fischDec 15, 2021 2:26 PM
293 Comments
Quote from acegolfer :
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.
Ah ha. The issue date precedes the request date.. Weird, but ok. So one can buy 10k now and again in a few weeks. Thanks for the clarification guys.
Dec 15, 2021 2:37 PM
6.7K Comments
Joined Mar 2004
practicalmeDec 15, 2021 2:37 PM
6.7K Comments
Quote from sixty :
why should I buy this over S&P500 index funds?
Why buy apples over oranges or a Chevy over a Ford? There's no right answer. And I really hope you're not expecting one on a deal site.

I used to be all stocks all the time until my financial advisor convinced me to diversify. It annoyed me to no end to be honest. But my portfolio has survived the 2008 downturn, enjoyed the rebound, survived the 2020 debacle and continue to enjoy the bull market. Diversification is important for any portfolio, more as you hit your 40s and 50s. But everyone's situation is different. Some people are swimming it cash, some are counting every penny.
Dec 15, 2021 3:05 PM
3.9K Comments
Joined Apr 2011
sam_ayDec 15, 2021 3:05 PM
3.9K Comments
Quote from sdeal_77 :
While normally I am the one to get this, it ended up being that my wife had to be validated and mine went through without hiccups. Go to your bank and get a signature and mail it. They will unlock it
I only have an Online bank account anymore. How do you get a signature from an online bank account?

Sign up for a Slickdeals account to remove this ad.

Dec 15, 2021 3:21 PM
17 Comments
Joined Jul 2010
vinban1Dec 15, 2021 3:21 PM
17 Comments
Does not seem to be a good option. For I bonds, fixed rate is set as 0%. Means, all you will ever get is the Inflation rate. There is also a lock-in of 5 years if one does not want to lose any interest.
Knowing that Interest rates are going to rise in next 3-9 months, it does not seem to be a good option to invest now.
Dec 15, 2021 3:26 PM
5 Comments
Joined Jul 2018
staticmanDec 15, 2021 3:26 PM
5 Comments
Quote from TomHagen :
Have fun with the website, especially putting in your password. It's not a scam, just a gov built website from long ago.
I discovered this as I started down the path of purchasing a bond. Add to this, you can't even add or change your bank account once the initial one is established. You have to fill out a form and mail it. But first, get it signed by...uh...someone authorized (that might be at a brick and mortar bank, if you have one?) but not a notary. Forget it. Get with the times gov!
- (I am not) staticman
Dec 15, 2021 3:55 PM
29 Comments
Joined May 2010
DbowDec 15, 2021 3:55 PM
29 Comments
Biden Says Inflation at 'Peak' And Should Soon Decline Rapidly
1
Dec 15, 2021 3:58 PM
2.2K Comments
Joined Aug 2014
Cmurphy16Dec 15, 2021 3:58 PM
2.2K Comments
Quote from vinban1 :
Does not seem to be a good option. For I bonds, fixed rate is set as 0%. Means, all you will ever get is the Inflation rate. There is also a lock-in of 5 years if one does not want to lose any interest.
Knowing that Interest rates are going to rise in next 3-9 months, it does not seem to be a good option to invest now.
So if the inflation rate drops to 0, which is unlikely, during the first 5 years, cash it out. You'll lose 3 months of 0 interest.
Dec 15, 2021 4:03 PM
249 Comments
Joined Jan 2021
HilariousRecess268Dec 15, 2021 4:03 PM
249 Comments
Quote from SiennaDeer8270 :
Preservation of capital is fine for short periods of time. If you are scared of a 25 year bear market, you will never become wealthy. Safe cash is only needed as you near retirement. Holding cash for 20 years is one of the worst financial decisions you can possibly make.
I completely agree. The point I am making is there is a place for cash in everyone's diversified portfolio. An emergency fund is a primary example of this. This bond is a great place to park the upper half of your emergency fund. It is not as liquid as a savings account, but is (currently) returning much better.

Having some cash on hand also gives you the funds to use when the (inevitable) downturn in the market does happen.
Dec 15, 2021 4:04 PM
2.9K Comments
Joined Oct 2008
ImaPuppyDec 15, 2021 4:04 PM
2.9K Comments
Cool thread, any other relatively risk-free yield products available that you guys have run across? Checking account bonus churning seems like one, anything else?
Dec 15, 2021 4:09 PM
598 Comments
Joined Sep 2019
SlickMask6251Dec 15, 2021 4:09 PM
598 Comments
Quote from Dbow :
Biden Says Inflation at 'Peak' And Should Soon Decline Rapidly
Unfortunately, Biden says many things to calm the American people. I should say anyone who is listening to him.

Sign up for a Slickdeals account to remove this ad.

Dec 15, 2021 4:13 PM
590 Comments
Joined Dec 2006
seasixDec 15, 2021 4:13 PM
590 Comments
Quote from sixty :
why should I buy this over S&P500 index funds?
Another member of the "stonks never go down" cult, good luck.

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

Related Searches

FinanceFinancial Tools & ServicesServicesFinancial Tools & Services