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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For those who don't know, the $1-$2 Trillion quoted cost of the TCJA is over a 10 year period. It went into effect in 2018. If the current administration changes anything, then the $1.5 Trillion quoted could change significantly. To say that the tax cut has no macro economic benefit is debatable, because like you pointed out, there are other factors at play which interfered with our economy as a whole. The pandemic (or more precisely the policies implemented as a result of the pandemic) have been impacting our economy. To reach the conclusion; the TCJA has no macro economic benefit is hard to argue given the current pandemic policies.
I for one was not a fan of many aspects of the TCJA. I also believe it to be fair to criticize both parties and their policies.
Let's assume your 6%. Then, in the 2nd 6 month period, the interest income (before penalty) is 3% of $10,356.
10 years?
I see EEE series guarantee to double in 20 , is it 100% return/20 = about 5% guarantted (exclude compund effect), and all triple tax free?
Why is I series taxable for Federal? shouldnt they exempt their own product?
Learnign the products
Thank you
You can print out 1099-INT form. But no paper mail.
10 years?
I see EEE series guarantee to double in 20 , is it 100% return/20 = about 5% guarantted (exclude compund effect), and all triple tax free?
Why is I series taxable for Federal? shouldnt they exempt their own product?
Learnign the products
Thank you
Correct math for EE bond is 200%^(1/20) - 1 = 3.53% (compounded annually)
Why not fed tax exempt? If exempt, it will be unfair to other bond issuers because they have to pay higher interest rate to attract lenders.
I just pasted it into the site and it worked again. Maybe he is getting too many hits now. It is a very good and fully accurate explanation.
and to all the political talk: STOP. PLEASE JUST STOP. I have strong opinions like many but this isn't the forum.
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and to all the political talk: STOP. PLEASE JUST STOP. I have strong opinions like many but this isn't the forum.
Agreed on political talk. But there isn't much so that's good.
The govt should change with the times
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…
As for your last paragraph of lazy talking point cliches, my Obamacare plans have been miles better than any private healthcare I had previously and have saved me over $70,000 in premiums and health care costs.
The govt should change with the times
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The govt should change with the times
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