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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 17, 2021 2:46 AM
167 Comments
Joined Jan 2014
broncobisley1Dec 17, 2021 2:46 AM
167 Comments
Quote from jull :
i think my spouse has to create their own account. i just bought two 10000 orders the other day. it's still pending and i can't cancel it any more. in this case will TD cancel one of my orders? or what should i do in this case?
You have to have a separate account for your wife.

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.
Dec 17, 2021 2:49 AM
1.1K Comments
Joined Aug 2011
tjax123Dec 17, 2021 2:49 AM
1.1K Comments
Quote from acegolfer :
yes



no
thats a dealbreaker.
1
Dec 17, 2021 2:56 AM
1.1K Comments
Joined Jun 2012
orangejuice57Dec 17, 2021 2:56 AM
1.1K Comments
Quote from keung :
They DID NOT announce any future rate hike
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).
Does that basically mean after the 6 months of 7% is over, it will definitely be going down? I am new to all this bond stuff.
Dec 17, 2021 3:01 AM
249 Comments
Joined Jan 2021
HilariousRecess268Dec 17, 2021 3:01 AM
249 Comments
Quote from orangejuice57 :
Does that basically mean after the 6 months of 7% is over, it will definitely be going down? I am new to all this bond stuff.
It depends on what inflation (CPI-U) does. The rate could go up or down.
Dec 17, 2021 3:02 AM
514 Comments
Joined Jan 2008
GadgetAddictedDec 17, 2021 3:02 AM
514 Comments
Quote from orangejuice57 :
Does that basically mean after the 6 months of 7% is over, it will definitely be going down? I am new to all this bond stuff.
The rate that these bonds pay out is tied to inflation. Without knowing what inflation will be, we can't say what the bond will pay. That being said, there is a good chance that inflation remains elevated through 2022, though some suspect it won't be as elevated as it currently is. Still, this is the best risk-adjusted return that is available on planet earth; that is not an exaggeration.
Dec 17, 2021 3:08 AM
6.7K Comments
Joined Mar 2004
practicalmeDec 17, 2021 3:08 AM
6.7K Comments
Quote from FioreB :
I went to chase today, they told me they don't do medallion stamp for this and told me to go to another bank. My link account is chase, can I do the authorization in another bank if I have account with them?
Call a main Chase branch. Chase does the signature guarantee but not at all, aka "satellite" branches.
Dec 17, 2021 3:49 AM
346 Comments
Joined Jul 2008
rickster9Dec 17, 2021 3:49 AM
346 Comments
Quote from SplendidWinter6180 :
stupid site. Received following message in email after opening the account :
Thanks again for opening a TreasuryDirect account. We are having difficulty verifying the information you provided when opening your account. For your protection, please complete the Account Authorization form https://www.treasurydirect.gov/pd...ctauth.pdf and mail it to Treasury Retail Securities Site, P.O. Box 7015, Minneapolis, MN 55480-7015. A hold has been placed on your account that will prevent you from accessing your account. After we receive and approve the Account Authorization form, the hold on your account will be removed. When you log into your account, check the Investor InBox section of your Treasury Direct account for an important message.
Well there you go. I got in the first time and still waiting one month for Crypto.com to validate me

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Dec 17, 2021 3:51 AM
13K Comments
Joined Jan 2007
MadPupDec 17, 2021 3:51 AM
13K Comments
Does anyone know the difference between specifying a registration with a secondary owner as opposed to one with a beneficiary? Specifically is the secondary owner impacted in how much they can buy?
Dec 17, 2021 3:51 AM
20.2K Comments
Joined Sep 2003
beowulf7Dec 17, 2021 3:51 AM
20.2K Comments
Subscribing...
Dec 17, 2021 3:59 AM
2.9K Comments
Joined Jul 2009
keungDec 17, 2021 3:59 AM
2.9K Comments
Quote from orangejuice57 :
Does that basically mean after the 6 months of 7% is over, it will definitely be going down? I am new to all this bond stuff.
https://slickdeals.net/f/15497017-us-treasury-series-i-savings-bonds-inflation-rate-earnings-nov-21-april-22-7-12-interest-limit-10k-year-per-person?p=152127901#post152127901
Dec 17, 2021 4:02 AM
2.9K Comments
Joined Jul 2009
keungDec 17, 2021 4:02 AM
2.9K Comments
Quote from tjax123 :
question. If you buy the bond, will you get that fancy certificate like the one in the picture?
You can get those fancy certificate if you buy it via tax refund.
Dec 17, 2021 4:45 AM
338 Comments
Joined Jul 2018
NervousGoat199Dec 17, 2021 4:45 AM
338 Comments
Quote from weirdworks :
How? I haven't looked but that hilarious and I'm curious.
You can just right click to inspect the HTML.

Find the "readonly = readonly" attribute on the input field and delete it.

Now you will be able to type directly into the password field.
Last edited by NervousGoat199 December 16, 2021 at 10:44 PM.
Dec 17, 2021 4:50 AM
71 Comments
Joined Nov 2014
FioreBDec 17, 2021 4:50 AM
71 Comments
Delete
Last edited by FioreB December 17, 2021 at 11:19 AM.
Dec 17, 2021 5:04 AM
71 Comments
Joined Nov 2014
FioreBDec 17, 2021 5:04 AM
71 Comments
Delete
Last edited by FioreB December 17, 2021 at 11:19 AM.

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Dec 17, 2021 5:14 AM
27 Comments
Joined Jun 2011
advan13Dec 17, 2021 5:14 AM
27 Comments
Quote from acegolfer :
There's no "co-owner" in treasurydirect.gov. Only 2ndary owner. 2ndary owner can't redeem. See the widow post earlier. She was the 2ndary owner to the deceased husband's i-bond but had to go through trouble to gain access.
Per the treasure website, the secondary owner (co-owner) can redeem the ibond.

From the site:
https://www.treasurydirect.gov/in...redeem.htm

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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