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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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?
Ideally, I'd like to buy the bond in January (next month), then use it over the summer to finish grad school, if that's possible.
Ideally, I'd like to buy the bond in January (next month), then use it over the summer to finish grad school, if that's possible.
They are tapering (slowing the bond buying program), this will end in April
After that they MIGHT raise interest rate 3 times in 2022 (based on the dot plot).
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Do I need to include his interests earned in my 1040?
You can sell and withdraw anytime you want and no plenty like this.
THE CFTC already fined the company for false claim , their reserve is not audited,
https://www.cftc.gov/PressRoom/Pr...es/8450-21
IF you believe them you might as well believe anyone on the street who said they willl give you 9% and your $$$ will be back by some reserve
THE CFTC already fined the company for false claim , their reserve is not audited,
https://www.cftc.gov/PressRoom/Pr...es/8450-21
IF you believe them you might as well believe anyone on the street who said they willl give you 9% and your $$$ will be back by some reserve
Do I need to include his interests earned in my 1040?
No. Google "kiddie tax" for your kid's tax liability.
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THE CFTC already fined the company for false claim , their reserve is not audited,
https://www.cftc.gov/PressRoom/Pr...es/8450-21
IF you believe them you might as well believe anyone on the street who said they willl give you 9% and your $$$ will be back by some reserve
https://www.circle.com/en/usdc
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