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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How often does the 7% interest compound? Every 6months or annually
After 1 year, $10k will grow to $10,000 * (1 + 7.12%/2) * (1 + 5%/2). (subject to rounding error). Subtract last 3-month interest penalty for the account balance.
Print the image on weightier paper would probably do. Other suggestions are welcome!
"When you purchase a savings bond as a gift, print a gift certificate to give to the recipient in advance of getting the bond."
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Dividend investing is generally higher risk than this. I bonds have little risk besides rates being slashed, and dividends can get slashed at any time -- usually alongside stock value, so it's a double whammy. Just look at GE. I bought plenty of NLY at $15 back in the day. It's now about half that. (Of course, I also bought at $3.) Dividend makes up for the loss, sure, but there's nothing guaranteed. Bonds are close, though.
The point is that this is, for many people, a great low-risk investment that can play a role in their portfolio. It's way higher interest than a CD with similar stipulations. It's way lower risk than stock investment, so it's a good way to balance a portfolio.
All eggs in one basket is not a great idea and 7% isn't the worst. Anyone thinking crypto will go to zero, stick to the top few (excluding USDC and USDT) and you will see growth. The US Dollar is more likely to become worthless before BTC or ETH will. Buy hodl and don't watch the charts every day.
I'm not saying that crypto won't exist in the future or even that it's a bad move for a portfolio. What I'm saying is that no, it's not like the early internet at all. In any way, shape, or form. Using that argument is like the idiots who say stuff like "hey, it rained really hard on July 17. Climate change sucks!" Climate change is real. However, your argument for it is terribad.
All eggs in one basket is not a great idea and 7% isn't the worst. Anyone thinking crypto will go to zero, stick to the top few (excluding USDC and USDT) and you will see growth. The US Dollar is more likely to become worthless before BTC or ETH will. Buy hodl and don't watch the charts every day.
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