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.
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3,498 Comments
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If you purchased more than the $10,000 for the year you will get a sternly worded letter telling you that you exceeded the purchase limit and not to do it again or they may cancel your account, etc...
You can get away with it once, but I wouldn't exceed the purchase limit again next year.
They've returned funds and closed accounts for people that have done it more than once, but I never found how much you have to exceed the purchase limit by as a first time offense to have your account closed. I did see someone else make two $10,000 purchases years ago and they let them keep all $20,000 for the year.
no
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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From the site:
https://www.treasurydir
Regardless of where you cash your bonds, if you are not listed as the owner or co-owner on the bond, you have to submit legal evidence or other documentation to show you are entitled to cash the bond.
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