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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One hundred trillion dollars—that's 100,000,000,000,000—is the largest denomination of currency ever issued. In Zimbabwe, from 2007 to 2008, the local legal tender lost more than 99.9 percent of its value (Hanke 2008).
Let's assume your 6%. Then, in the 2nd 6 month period, the interest income (before penalty) is 3% of $10,356.
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Also, there composite rate chart is misleading, here are the actual rates you would've gotten for the last 5 years:
1-Nov-21 7.12%
1-May-21 3.54%
1-Nov-20 1.68%
1-May-20 1.06%
1-Nov-19 2.22%
1-May-19 1.90%
1-Nov-18 2.83%
1-May-18 2.52%
1-Nov-17 2.58%
1-May-17 1.96%
No matter the state of the U.S. economy, U.S. Treasury bonds remain one of the safest investments out there, so long as you hold single bonds until maturity. In this case, there is no risk of default, and interest rate risk isn't a factor.
https://www.thebalance.
The only time I visited one of the Fidelity office was a few years back when my wife changed job and the company show how liquidated her 401K, so I visited Fidelity to deposit the check to her IRA rollover account in order to save a stamp.
All their office got closed down in the last 2 years one by one. It is just ineffective to keep those office, I don't see how they will keep these local office for long
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The only time I visited one of the Fidelity office was a few years back when my wife changed job and the company show how liquidated her 401K, so I visited Fidelity to deposit the check to her IRA rollover account in order to save a stamp.
All their office got closed down in the last 2 years one by one. It is just ineffective to keep those office, I don't see how they will keep these local office for long
We've had a Fidelity in my suburban town for a decade, as well as Edward Jones and TD Ameritrade, and Schwab is just opened a new office. I see a lot of major banks reducing their footprints but I think some brokerages are spread out enough to keep their footprints. I've had to visit a few times over the past couple years myself.
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