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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
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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 16, 2021 3:51 PM
56 Comments
Joined Dec 2016
endeavor432Dec 16, 2021 3:51 PM
56 Comments
It's 10k max per person, does that mean a married couple can invest upto 20k?
Dec 16, 2021 3:54 PM
373 Comments
Joined Dec 2007
thairicanrobDec 16, 2021 3:54 PM
373 Comments
Quote from endeavor432 :
It's 10k max per person, does that mean a married couple can invest upto 20k?
Yes. And if you buy it this month, you can buy another $20k in Jan
Dec 16, 2021 4:44 PM
5.3K Comments
Joined Dec 2006
talkbackfreebieDec 16, 2021 4:44 PM
5.3K Comments
Quote from acegolfer :
You can overpay in 2022 for 2021 tax. But must be accompanied by an extension. You can still file before 4/15.



Not via treasurydirect



No.
Well I know people that have payroll take out a portion of money from their paycheck and when the amount of the deduction from their pay reaches the amount of the bond they want to purchase, a paper bond is sent to them.
Dec 16, 2021 5:30 PM
590 Comments
Joined Jan 2009
music_mania90Dec 16, 2021 5:30 PM
590 Comments
Quote from amishra :
The one drawback to savings bonds is that they aren't as liquid (easily bought and sold) as some other types of investments. You can't cash them in within the first year of their life, and if you have to cash them in within the first five years, you will pay a penalty worth three months of interest.

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.com/types-of-bonds-417075
How is paying 3 months of interest accrued, a penalty. One can also look at the situation that we will not get something extra we were getting because we need our money out? Yes if you would have invested this money spme place else then you can see thr 3 months interest as loss of money. But if these funds are just sitting in a bank account then you aren't losing anything technically
Dec 16, 2021 5:31 PM
768 Comments
Joined Nov 2019
ElatedGuitar705Dec 16, 2021 5:31 PM
768 Comments
Quote from UnstableChimp :
Last I checked Trump was no longer in office, and no longer has power to influence the current and future rate of inflation. My criticism is about what is currently being done given the current rate of inflation. There can be all kinds of debate about who or what is responsible for the current rate of inflation. It's obvious it's a combination of the pandemic, the previous administration's tax cuts and policies, and the current administration's spending and policies.
The problem now is that whenever anyone has a criticism about any current office holder, whatever shitty thing they recently did or are currently doing is justified away by their cult-like followers with a "well what the previous guy did was way worse".
Dec 16, 2021 5:54 PM
48 Comments
Joined May 2018
mainkaun123Dec 16, 2021 5:54 PM
48 Comments
Quote from Tuckin :
Voyager I get 9% on usdc $1=$1… I'm okay with that
Details pls?
Dec 16, 2021 5:55 PM
590 Comments
Joined Jan 2009
music_mania90Dec 16, 2021 5:55 PM
590 Comments
"When you cash out I Bonds from a Minor Linked Account for your kid, the money goes to the linked bank account. After that, you can transfer the money to a custodial account elsewhere for some other investments for your kid or spend the money on expenses that specifically benefit the kid."

What does this mean. If I am buying $10k for my kid and then I cash out before he turns 18, why can't I use the money wherever and however I want. Use thr kids money on kid- is this a moral statement or a legal one? Obviously this is all assuming that my 5yr old will not take me to court if I use this money on other things like mortgage etc. So if the kid doesn't care then should this restriction even apply?

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Dec 16, 2021 6:02 PM
590 Comments
Joined Jan 2009
music_mania90Dec 16, 2021 6:02 PM
590 Comments
How easy is it to cash out the I bonds. Can I just do it online and money comes in the linked bank account within 24hrs? Can I go to chase bank and rhey can just give me the cash while they are waiting for money to come in the bank from the treasury.
Dec 16, 2021 6:21 PM
1.1K Comments
Joined Dec 2007
kadoxDec 16, 2021 6:21 PM
1.1K Comments
The Fed just announced three expected rate hikes, rates jumped! This should follow ?
Dec 16, 2021 6:26 PM
2.4K Comments
Joined Mar 2004
VIPDec 16, 2021 6:26 PM
2.4K Comments
Quote from Boglehead :
I've been buying I-bonds for over 15 years. I just stick part of cash allocation in there.
username checks out
Dec 16, 2021 6:33 PM
1.8K Comments
Joined Aug 2008
usercar007Dec 16, 2021 6:33 PM
1.8K Comments
I would rather put money into USDC and get 9%. Its fully back by cash and security on 1:1.

You can sell and withdraw anytime you want and no plenty like this.
Dec 16, 2021 6:56 PM
2 Comments
Joined Jul 2019
deval7Dec 16, 2021 6:56 PM
2 Comments
Any idea if someone on an H-1B visa could have any restrictions buying into this, or selling later?
Dec 16, 2021 6:58 PM
943 Comments
Joined Sep 2006
dingdong123Dec 16, 2021 6:58 PM
943 Comments
I want to align ACH withdrawal from Treasury Direct with other ACH deposit. Do you know how much time did Treasury Direct took to hit bank to withdraw?
Dec 16, 2021 7:00 PM
943 Comments
Joined Sep 2006
dingdong123Dec 16, 2021 7:00 PM
943 Comments
Quote from deval7 :
Any idea if someone on an H-1B visa could have any restrictions buying into this, or selling later?
If you are resident alien per IRS (https://www.irs.gov/individuals/i...ent-aliens), you should be fine to purchase. Not sure about any withdraw issues. But, I would withdraw before leaving US, just to be safe.

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Dec 16, 2021 7:39 PM
6.7K Comments
Joined Mar 2004
practicalmeDec 16, 2021 7:39 PM
6.7K Comments
Quote from dingdong123 :
I want to align ACH withdrawal from Treasury Direct with other ACH deposit. Do you know how much time did Treasury Direct took to hit bank to withdraw?
If I initiate a bond purchase today, the pending transaction at my bank shows tomorrow, local small bank it that makes a difference.

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