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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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3.5K Comments

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Dec 17, 2021 8:09 PM
10.9K Comments
Joined Apr 2009
mdyoungDec 17, 2021 8:09 PM
10.9K Comments
Finally, there is light at the end of the tunnel. I found a local bank that will do the medallion signature guarantee. Only drawback is I have to have an account with them for six months. So I opened a savings account with a $100. So hopefully come May Biden is still working his magic and I'll get 7 percent or more.
Dec 17, 2021 8:14 PM
6.7K Comments
Joined Mar 2004
practicalmeDec 17, 2021 8:14 PM
6.7K Comments
Quote from WhoDis_29 :
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?
You have to be 18 to have a primary TD account so you'll need to establish a minor account. https://www.treasurydirect.gov/in...bMinor.htm

Quote from charger :
I just found some old EE bonds gifted to me when I was 1 year old. From $150 to $330 after 30 years, lol.
No interest earned after 30 years. Might want to cash those out Smilie
Dec 17, 2021 8:17 PM
2.2K Comments
Joined Aug 2014
Cmurphy16Dec 17, 2021 8:17 PM
2.2K Comments
Quote from mdyoung :
Finally, there is light at the end of the tunnel. I found a local bank that will do the medallion signature guarantee. Only drawback is I have to have an account with them for six months. So I opened a savings account with a $100. So hopefully come May Biden is still working his magic and I'll get 7 percent or more.
You can try to get the bank to do it at the beginning of April to get all the paperwork in and get a bond purchased by 4/30 to grab the 7.12 rate for 6 months.
Dec 17, 2021 8:17 PM
7.7K Comments
Joined Sep 2008
DogAndPonyDec 17, 2021 8:17 PM
7.7K Comments
Quote from mdyoung :
Finally, there is light at the end of the tunnel. I found a local bank that will do the medallion signature guarantee. Only drawback is I have to have an account with them for six months. So I opened a savings account with a $100. So hopefully come May Biden is still working his magic and I'll get 7 percent or more.
Why do you need to do this? I was able to open multiple accounts without any extra hurdles
Dec 17, 2021 8:20 PM
585 Comments
Joined Nov 2014
1CheapSOBDec 17, 2021 8:20 PM
585 Comments
Spent all my money on meme stocks and NFTs....
Dec 17, 2021 8:22 PM
2.5K Comments
Joined Nov 2005
chargerDec 17, 2021 8:22 PM
2.5K Comments
Quote from practicalme :
You have to be 18 to have a primary TD account so you'll need to establish a minor account. https://www.treasurydirect.gov/in...bMinor.htm



No interest earned after 30 years. Might want to cash those out Smilie
Yes, I know that. They are actually closer to 40 years old and were forgotten in a random box of old stuff I had. Nice to come upon free money randomly.
Dec 17, 2021 8:25 PM
220 Comments
Joined Sep 2010
OneBetterDec 17, 2021 8:25 PM
220 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
You don't understand that the US government prints money to pay debts. You don't need to invest it when you can create it.

That said, price predictions on crypto is a fools game. It could double or lose 75% of its value overnight.

The whole point of bonds is diversified portfolio. If you think 7% is a bad return, you haven't been in the market longer than the current bull run.

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Dec 17, 2021 8:28 PM
2.9K Comments
Joined Jul 2009
keungDec 17, 2021 8:28 PM
2.9K Comments
Quote from mikeyeastside :
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
Quote from wildta :
Better off buying a dividend stock like AT&T or British American Tobacco. They are paying 8%.
NO, $T is going to cut it's dividend once it's spinoff WB. so you certainly WILL NOT get 8% next year, you will get maybe 4% dividend and a brunch of Discovery stocks which may or may not pay dividend.

I own a lot of $T (been accumulating last 2 months) because I like the WB+Discovery merger and the low value, not it's 8% dividend... People need to stop give up investment advice which they know nothing about please.

BTW you can get 16% from IEP Carl Iahn's investment company which pay 16% dividend. (double of AT&T) but please do research the company and access your own risk and understand why you want to own it not because it dish out some dividend.

I have a portfolio of stock, mutual fund, crypto, and CASH ( which include iBond) and they all have a place in my portfolio.
Dec 17, 2021 8:39 PM
2.9K Comments
Joined Jul 2009
keungDec 17, 2021 8:39 PM
2.9K 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
Obviously you weren't in BTC when it hits 20K during 2017 and stay below 10K for majority of 2018-2020. Investment has cycle, crypto also has it cycle, it's been up doesn't mean it will stay up forever. It could go up and it could go down. Ecuador government is doing what you suggest and they have been a bagholder so far
Dec 17, 2021 8:49 PM
1.1K Comments
Joined Apr 2009
lazysaverDec 17, 2021 8:49 PM
1.1K Comments
Quote from charger :
I just found some old EE bonds gifted to me when I was 1 year old. From $150 to $330 after 30 years, lol.
Should be more then that. Those bonds were earning 4% for awhile. Maybe you meant from $75 to $330
Dec 17, 2021 8:55 PM
10.9K Comments
Joined Apr 2009
mdyoungDec 17, 2021 8:55 PM
10.9K Comments
Quote from DogAndPony :
Why do you need to do this? I was able to open multiple accounts without any extra hurdles
When I try to login to the account I made says account is locked up to submit some form with the signature guarantee. Other than that I don't know why I have to do it.
Last edited by mdyoung December 17, 2021 at 03:19 PM.
Dec 17, 2021 8:57 PM
2.2K Comments
Joined Jun 2019
FanimeDec 17, 2021 8:57 PM
2.2K Comments
anyone know if 1099s are sent every year or only in the years where you redeem the bonds?
Dec 17, 2021 9:01 PM
2.5K Comments
Joined Nov 2005
chargerDec 17, 2021 9:01 PM
2.5K Comments
Quote from lazysaver :
Should be more then that. Those bonds were earning 4% for awhile. Maybe you meant from $75 to $330
Hopefully it's more. But that's what the Treasury calculator outputted from the issued amount of $150 and the issue date.
Dec 17, 2021 9:07 PM
1.1K Comments
Joined Apr 2009
lazysaverDec 17, 2021 9:07 PM
1.1K Comments
Quote from charger :
Hopefully it's more. But that's what the Treasury calculator outputted from the issued amount of $150 and the issue date.
If the bond says $150 on the face, it was sold for half at $75 with it guaranteed to reach $150 after 20 yrs.

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Dec 17, 2021 9:21 PM
2.9K Comments
Joined Jul 2009
keungDec 17, 2021 9:21 PM
2.9K Comments
Quote from Fanime :
anyone know if 1099s are sent every year or only in the years where you redeem the bonds?
No 1099 you realize the interest when you withdrawal.
If you want you can pre pay tax for it but then you need to keep track of it.

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