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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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Dec 17, 2021 11:35 AM
133 Comments
Joined Nov 2017
spankyjDec 17, 2021 11:35 AM
133 Comments
Quote from Lanmanna :
How often would you purchase with each chunk of change?
There is no need to purchase in chunks.

Per the website, you can redeem your original investment in full or partially. So, if you only redeem $500 after 12 months, you receive the $500 plus the interest that $500 accrued.
Dec 17, 2021 11:42 AM
3.8K Comments
Joined Jan 2004
jjj444yesDec 17, 2021 11:42 AM
3.8K Comments
Quote from Boglehead :
I've been buying I-bonds for over 15 years. I just stick part of cash allocation in there.
I had no idea these existed till a few months ago and I have been expertly investing for over 20 years..

Someone sent this to me and said what's the catch? I couldn't find it other than the $10k limit ( and it seems people found a work around on that)

In any event, I got excited and told everyone I know to buy these. I thought these were new due to elevated inflation. But now I see that this the best kept secret because all the wortless hack FA's don't make anything off it and can't sell it to you
1
Dec 17, 2021 11:43 AM
264 Comments
Joined May 2012

This comment has been rated as unhelpful by Slickdeals users.

Dec 17, 2021 12:01 PM
605 Comments
Joined May 2005
teckel1927Dec 17, 2021 12:01 PM
605 Comments
I trust shib more than these
2
Dec 17, 2021 12:03 PM
605 Comments
Joined May 2005
teckel1927Dec 17, 2021 12:03 PM
605 Comments
Quote from springrt :
Bitcoin is currently at 48K. If you think it will hit $60K ($9K less than its all-time high) at ANY point in 2022, that's 25% gains on your money. Spoiler: it will and it will hit much higher. If you're getting excited over 7% you're being foolish. If the treasury has any brains they're taking everyone's $10K and doing the same. That's the only way we're ever gonna curb down our debt besides nuking China and we voted out the only man who had the balls to do that
135k 🚀
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Dec 17, 2021 12:09 PM
224 Comments
Joined Jan 2018
TestdriverDec 17, 2021 12:09 PM
224 Comments
I have had about a dozen old E bonds from 10 to 20 years ago and all are total trash. These series I bonds seem great for next few years as inflation kicks in like we have not seen in 40 years. I just grabbed up $10,000 with no problem and now will get 30K more with wife and two kids. Oddly enough I bought at 2:30 A.M Pacific time on a Thursday night / Friday morning and the final page of treasury website says the transfer will not take place until Monday so looking at a three day delay. Not sure why they will not do the ACH or pull the money from my checking account on a Friday but just FYI. Plan to buy again in January as the best I seem to do on my investment are 7% and this is totally risk free and liquid in 12 months so works for me.
Dec 17, 2021 12:15 PM
15 Comments
Joined Aug 2006
sureshottDec 17, 2021 12:15 PM
15 Comments
There is a limit of 10k per year per ssn. So good to park some money but not like investing in regular stock or bond market.

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Dec 17, 2021 12:29 PM
2.4K Comments
Joined Oct 2013
selvaspkDec 17, 2021 12:29 PM
2.4K Comments
Do these go as tax components reducing federal taxes?
Dec 17, 2021 12:40 PM
605 Comments
Joined May 2005
teckel1927Dec 17, 2021 12:40 PM
605 Comments
Yall all like lambs to the slaughter especially the suckers rerouting their tax refunds
3
Dec 17, 2021 12:42 PM
605 Comments
Joined May 2005

This comment has been rated as unhelpful by Slickdeals users.

Dec 17, 2021 1:04 PM
1.2K Comments
Joined Apr 2014
JKimRXDec 17, 2021 1:04 PM
1.2K Comments
Forgive my ignorance; I'm just trying to understand how these I bonds work as I've no experience with them before.

How often does the 7% interest compound? Every 6months or annually
Last edited by JKimRX December 17, 2021 at 05:07 AM.
Dec 17, 2021 1:27 PM
2.1K Comments
Joined Mar 2013
LamePeopleBlameDec 17, 2021 1:27 PM
2.1K Comments
Quote from music_mania90 :
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.
So one needs to click 'Redeem securities' link in their account and provide how much they are cashing out. Interest will be paid to only that specific amount and sent to linked bank account on next business day". Can't get easier than that, You can also provide view and transact right to your spouse or partner.
Dec 17, 2021 1:28 PM
2.1K Comments
Joined Mar 2013
LamePeopleBlameDec 17, 2021 1:28 PM
2.1K Comments
Quote from teckel1927 :
I would burn 1k before i put $1 into this trash
I would donate $1 and put $1K into this.
Dec 17, 2021 1:31 PM
2K Comments
Joined Sep 2003

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Dec 17, 2021 1:45 PM
5 Comments
Joined Nov 2021
BoastfulFruit808Dec 17, 2021 1:45 PM
5 Comments
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