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 $10k.: Better than any CD or bank rate if you want to stay in cash.
https://www.treasurydir
3,498 Comments
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Create a new bookmark, and set the address to:
javascript:(function(){$(".pwordinput").attr("readonly","")})()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.
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javascript:(function(){$(".pwordinput").attr("readonly","")})()The point is you can never know where interest rates are going. For the cash portion of your portfolio, diversify that too. Keep some in a high yield savings account, buy some CDs with various maturities and get some solid bonds also. If you need to understand this plan, look up "laddering CDs". The idea is to smooth out the changes in interest rates. When your CDs mature, you keep buying on a regular basis. This allows you to take advantage when interest rates are high an decrease the effect of low interest rates. A similar methodology applied to stocks or mutual funds is called "dollar cost averaging".
The point is you can never know where interest rates are going. For the cash portion of your portfolio, diversify that too. Keep some in a high yield savings account, buy some CDs with various maturities and get some solid bonds also. If you need to understand this plan, look up "laddering CDs". The idea is to smooth out the changes in interest rates. When your CDs mature, you keep buying on a regular basis. This allows you to take advantage when interest rates are high an decrease the effect of low interest rates. A similar methodology applied to stocks or mutual funds is called "dollar cost averaging".
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If I buy an I bond online, I'm not going to have a paper bond sent to me in the US mail, correct ?
Will I receive any kind of paperwork in the US mail that I can add to my will and my paperwork for my children when I pass away ?
If I buy an I bond online, I'm not going to have a paper bond sent to me in the US mail, correct ?
Will I receive any kind of paperwork in the US mail that I can add to my will and my paperwork for my children when I pass away ?
You can print out 1099-INT form. But no paper mail.
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I dropped $10k from our emergency fund into it. Something we can make do without for at least 12 months.
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