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%
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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1. Create Account
2. ACH 10k via linked checking
3. Wait a year and then redeem via ACH withdraw online
1. Create Account
2. ACH 10k via linked checking
3. Wait a year and then redeem via ACH withdraw online
I went to Chase and ask them to do it for me, and someone told me they need to call and ask about that. Later the day, I received the call, the person said he asked and they said Chase can't do this. That person told me to try other banks.
For the record it's 48k right now.
1. Create Account
2. ACH 10k via linked checking
3. Wait a year and then redeem via ACH withdraw online
One of top comments suggested breaking up the $10k into separate purchases so you can withdraw in smaller amounts vs a single $10k+ chunk after 1 year.
Pretty clever. That's what I ended up doing as well.
Like other people have said, the website is incredibly dated and looks straight out of the early 2000's. After creating your login, to sign in they make you enter your password using an on screen virtual keyboard.
It's a real pain, especially when you use a long complex password. To type your password directly into the password field, you can edit the HTML using the browser developer tools.
On Chrome/Edge, right click and choose "Inspect". Then find the "readonly = readonly" attribute on the input field and delete it.
Now you will be able to type directly into the password field like usual.
Sign up for a Slickdeals account to remove this ad.
1. Create Account
2. ACH 10k via linked checking
3. Wait a year and then redeem via ACH withdraw online
One of top comments suggested breaking up the $10k into separate purchases so you can withdraw in smaller amounts vs a single $10k+ chunk after 1 year.
Pretty clever. That's what I ended up doing as well.
Like other people have said, the website is incredibly dated and looks straight out of the early 2000's. After creating your login, to sign in they make you enter your password using an on screen virtual keyboard.
It's a real pain, especially when you use a long complex password. To type your password directly into the password field, you can edit the HTML using the browser developer tools.
On Chrome/Edge, right click and choose "Inspect". Then find the "readonly = readonly" attribute on the input field and delete it.
Now you will be able to type directly into the password field like usual.
This is basically a free government handout, the only catch is that its limited to $10k per person per year so its not going to do much to diversify a larger portfolio.
That said. Buy these before the end of 2021. 2 player mode = $20k. And then tell all your family and friends to buy them too as its appropriate for every type of investor
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