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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The real return after adjusted for inflation is 0%. The issue in today's enviroment there isn't much to invest that is as low risk as these that currently beats inflation.
You could put money in index fund and avg 7% year but that currently is 0% real return also when factoring in inflation and stocks are more risky than bonds.
You can park your money in savings account and make 0.5% but you are actually losing 6% a year because of inflation currently.
If the fed raises rates to 1% from 0%, the real return of these is still 0%. The bank savings rate just might be 1% instead of 0.5% but you still losing money because of inflation.
The fed can't suddenly raise interest rates to 7% to starve off inflation without causing a recession. They already said they plan to do 3 rate hikes next year. Each rate hike will be 0.25% so the fed rate will 0.75%, well below any inflation rate.
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For minor, you create one under your account. But note that if you buy for your kid, it's his money. You are not supposed to spend it on you.
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