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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
1.5M Views
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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
Good Deal
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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 3:59 PM
920 Comments
Joined Jan 2008
MikeyMarginalDec 17, 2021 3:59 PM
920 Comments
Quote from wildta :
Better off buying a dividend stock like AT&T or British American Tobacco. They are paying 8%.
T seems slick if you sell calls against it. I have been doing that with VZ trades. At quick glance T looks like you can collect almost 2% per month to cap the return at about 3% per month. 30 IV sounds pretty good for a company like that
Dec 17, 2021 4:11 PM
612 Comments
Joined Jul 2013
JoeggernautDec 17, 2021 4:11 PM
612 Comments
Also I bonds have no state income tax if that is a factor.

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.
Last edited by Joeggernaut December 17, 2021 at 08:21 AM.
Dec 17, 2021 4:26 PM
5.3K Comments
Joined Dec 2006
talkbackfreebieDec 17, 2021 4:26 PM
5.3K Comments
I took the plunge and registered. Based on past experience with federal websites I only purchased a 25.00 bond to test the waters. Color me shocked that the registration and purchasing process was a breeze ! Thanks OP !
Dec 17, 2021 4:26 PM
460 Comments
Joined Aug 2018
uh2-2uDec 17, 2021 4:26 PM
460 Comments
The Autofill function of 1Password works for bypassing the keyboard. I've tried it on Mac and Windows.
Dec 17, 2021 4:36 PM
6.7K Comments
Joined Mar 2004
practicalmeDec 17, 2021 4:36 PM
6.7K Comments
Quote from uh2-2u :
The Autofill function of 1Password works for bypassing the keyboard. I've tried it on Mac and Windows.
Agreed. Works great.
Dec 17, 2021 5:35 PM
435 Comments
Joined Nov 2006
fadegsDec 17, 2021 5:35 PM
435 Comments
So just to make sure I got this right: To get around the 10k limit I can buy 10K for myself, and buy another 10k for myself as primary owner with another family member as secondary owner? Or does the other person have to be the primary owner and myself as secondary owner?
Dec 17, 2021 5:48 PM
2.2K Comments
Joined Aug 2014
Cmurphy16Dec 17, 2021 5:48 PM
2.2K Comments
Quote from fadegs :
So just to make sure I got this right: To get around the 10k limit I can buy 10K for myself, and buy another 10k for myself as primary owner with another family member as secondary owner? Or does the other person have to be the primary owner and myself as secondary owner?
Primary is limited to 10k per calendar year. So one for you and one for spouse and maybe one for each kid.

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Dec 17, 2021 6:05 PM
435 Comments
Joined Nov 2006
fadegsDec 17, 2021 6:05 PM
435 Comments
Quote from Cmurphy16 :
Primary is limited to 10k per calendar year. So one for you and one for spouse and maybe one for each kid.
Right, so how does one go about doing this? Do I have to create new accounts for spouse and minor? Or is there a way to purchase these from my own account?
Dec 17, 2021 6:19 PM
1.2K Comments
Joined Mar 2005
acegolferDec 17, 2021 6:19 PM
1.2K Comments
Quote from fadegs :
Right, so how does one go about doing this? Do I have to create new accounts for spouse and minor? Or is there a way to purchase these from my own account?
Your spouse must create a new account.

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.
QA
Dec 17, 2021 6:33 PM
878 Comments
Joined Mar 2005
EZ_slickdealz
QA
Dec 17, 2021 6:33 PM
878 Comments
Quote from uh2-2u :
The Autofill function of 1Password works for bypassing the keyboard. I've tried it on Mac and Windows.
Cool... I use Bitwarden for passwords and it does not populate the password box. HTH
Dec 17, 2021 6:47 PM
282 Comments
Joined Nov 2014
suntzu187Dec 17, 2021 6:47 PM
282 Comments
Quote from Cmurphy16 :
Very few banks offer the signatory guarantee, maybe Wells Fargo and Citibank still do and I'd be shocked if a credit union offered such a service.
Sorry, I misunderstood. I thought Chase was making you jump through additional hoops just to get the ACH transfer going, but it sounds like that was intentional on your part.
Dec 17, 2021 6:56 PM
361 Comments
Joined Dec 2007
hoover6Dec 17, 2021 6:56 PM
361 Comments
Quote from dato :
I bought the bonds for my kids, and I think they'd be excellent additions to their X'mas gifts. Any tips/tricks for creating a paper version of the bond to put under the X'mas tree? Thanks!
There is a gift picture you can download and personalize (and print out) on the site.
Dec 17, 2021 7:28 PM
249 Comments
Joined Jan 2021
HilariousRecess268Dec 17, 2021 7:28 PM
249 Comments
Quote from teckel1927 :
135k 🚀
You Reddit people make me laugh.
Dec 17, 2021 7:45 PM
5 Comments
Joined Dec 2021
WhoDis_29Dec 17, 2021 7:45 PM
5 Comments
Trying to figure out how to open an account for kids. Kids are under 18 and each have their own savings account. Do I need to create two new "individual" accounts as a parent for each kid using their account information. As the parent, I am the primary on their savings accounts so I have control over their Treasury Direct account. How does this get transferred when 18?

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Dec 17, 2021 8:00 PM
2.5K Comments
Joined Nov 2005
chargerDec 17, 2021 8:00 PM
2.5K Comments
I just found some old EE bonds gifted to me when I was 1 year old. From $150 to $330 after 30 years, lol.

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