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expired Posted by dn90003 • Dec 12, 2021
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expired Posted by dn90003 • Dec 12, 2021

US Treasury Series I Savings Bonds Inflation Rate Earnings (Nov '21 - April '22)

(Limit $10K/Year Per Person)

7.12% Interest

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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

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Top Comments

sdpoker
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 =
webbiedo
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.
foxfai
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

3,498 Comments

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Dec 18, 2021
1,389 Posts
Joined Sep 2016

This comment has been rated as unhelpful by Slickdeals users.

Dec 18, 2021
6,660 Posts
Joined Mar 2004
Dec 18, 2021
practicalme
Dec 18, 2021
6,660 Posts
Quote from puddnhead :
Point taken (still not sure if I will jump on this though). I still have I bonds from 1/2003 myself, still as paper bonds (never converted to TreasuryDirect). I have a saved calculator list file on my computer from 2004 as well, but I can't get it to load to their calculator site anymore. I pasted one bond # in at random, was a little disappointed it only is getting 5.17% right now. But perhaps it does not reprice until next month? There was also still a fixed component in the return back then (IIRC, 1%), so hopefully started Jan 1 it will be earning 8.12% through 7/1/22?
It resets every six months. So if you had the bond issued in March, it will reset in March and September. You'll get the full six months when it resets. One of mine just kicked over to 8.61 (it has a 1.5 fixed rate). I converted all my paper bonds for simple redemption.
Last edited by practicalme December 18, 2021 at 01:08 PM.
Dec 18, 2021
1,183 Posts
Joined Mar 2005
Dec 18, 2021
acegolfer
Dec 18, 2021
1,183 Posts
Quote from BostonBatman :
The fark would you support the fed for? They pumped trillions of dollars out of thin air during the trump years leading to our 8 %+ inflation. Only idiots put there money into that PRIVATE BUSINESS. It is not a federal entity, its just a bunch of people printing money. China was just declared the new superpower financially, so yeah, US money is going to see even more inflation over the next 2 years unless we start another war.
I-bonds are issued by the Treaasury department, not the Fed. Apparently, you got confused between the 2.

Quote from Tonyusch :
Can resident alien, or non-citizen buy this bond
Yes, if you have SSN.
1
Dec 18, 2021
2,184 Posts
Joined Aug 2014
Dec 18, 2021
Cmurphy16
Dec 18, 2021
2,184 Posts
Quote from BostonBatman :
No, these bonds are still federal reserve bonds. Do your own rsearch. Some bond agent is making a killing on referrals here. This is trash. You will not see the 7% and you're pumping up a balloon economy. Stop spreading false information, you're just throwing your money away.
Bonds are debt. You're buying debt. The federal government has plenty of debt. Apple sells bonds for their debt too as a lot of companies do. There's a whole markets around it. So unless the US government defaults, in which we'd have much bigger problems, your money is safe.

There is no referral systems, this is not JCPenney hawking credit cards.
Last edited by Cmurphy16 December 18, 2021 at 03:01 PM.
Dec 19, 2021
1,183 Posts
Joined Mar 2005
Dec 19, 2021
acegolfer
Dec 19, 2021
1,183 Posts
Quote from BostonBatman :
No, these bonds are still federal reserve bonds. Do your own rsearch. Some bond agent is making a killing on referrals here. This is trash. You will not see the 7% and you're pumping up a balloon economy. Stop spreading false information, you're just throwing your money away.
the US Treasury department is responsible for the government financing and hence issues bonds. OTOH, the Federal reserve is the central bank and they "buy" not issue Treasuries. I suggest you take macroeconomics course.
Dec 19, 2021
3,676 Posts
Joined Feb 2010

This comment has been rated as unhelpful by Slickdeals users.

Dec 19, 2021
348 Posts
Joined Dec 2007
Dec 19, 2021
hoover6
Dec 19, 2021
348 Posts
Quote from SumDuud :
No, see government censorship of the internet is a thing, crypto being "shut down" by the government is not possible; but it clearly shows how little understanding you have of crypto.
It will eventually be regulated by the U.S. government for folks living in the U.S..

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Dec 19, 2021
348 Posts
Joined Dec 2007
Dec 19, 2021
hoover6
Dec 19, 2021
348 Posts
Quote from BostonBatman :
No, these bonds are still federal reserve bonds. Do your own rsearch. Some bond agent is making a killing on referrals here. This is trash. You will not see the 7% and you're pumping up a balloon economy. Stop spreading false information, you're just throwing your money away.
Rederrals? Talk about spreading false information.
Dec 19, 2021
1,079 Posts
Joined Aug 2011

This comment has been rated as unhelpful by Slickdeals users.

Dec 19, 2021
38,369 Posts
Joined Nov 2006
Dec 19, 2021
bonkman
Dec 19, 2021
38,369 Posts
Quote from SumDuud :
No, see government censorship of the internet is a thing, crypto being "shut down" by the government is not possible; but it clearly shows how little understanding you have of crypto.
Want me to list countries that have banned crypto? Hint: it's a longer list than the countries that recognize it as legal currency.

The point is, cryptocurrency is a direct competitor to aspects of a functioning government. The internet is a tool whose development was supported by the government. Ergo, making positive analogies between the two is a revelation of the speaker's hopes and dreams, not reality.
Dec 19, 2021
38,369 Posts
Joined Nov 2006
Dec 19, 2021
bonkman
Dec 19, 2021
38,369 Posts
Quote from tjax123 :
Buying SPY or any of the indexes is still a lot better than buying this crap for a measly 7%. Hell even buying crypto is better if you can take on larger risk.
Nope. At least, there are plenty of financial situations where this isn't true.
Dec 19, 2021
3,805 Posts
Joined Aug 2005
Dec 19, 2021
labboypro
Dec 19, 2021
3,805 Posts
Quote from tjax123 :
Buying SPY or any of the indexes is still a lot better than buying this crap for a measly 7%. Hell even buying crypto is better if you can take on larger risk.
As has been 'splained several times, this product is NOT intended to make money. It is a backstop to inflation. That is all. It is not a "risk/reward" product. Comparing this product to crypto is... well... dumb.
Dec 19, 2021
1,079 Posts
Joined Aug 2011
Dec 19, 2021
tjax123
Dec 19, 2021
1,079 Posts
Quote from labboypro :
As has been 'splained several times, this product is NOT intended to make money. It is a backstop to inflation. That is all. It is not a "risk/reward" product. Comparing this product to crypto is... well... dumb.
Not intended to make money? If that was the case, then this is the biggest waste of time on FP. And as someone pointed out, it's not even 7%, more like half that for the duration and it must be fully invested for 5 years or lose last 3 months. WHat a load of bull.

Any half minded investor will logically stick in index funds and forget about it.

P.S. That crypto thought you had there, well the same mindset everyone had when TSLA was 180 presplit and now here we are.
2
Dec 19, 2021
3,805 Posts
Joined Aug 2005
Dec 19, 2021
labboypro
Dec 19, 2021
3,805 Posts
Quote from tjax123 :
Not intended to make money?
This product is indexed to inflation. So... as you "make" money on this product, that gain will be eaten up by inflation. That is a completely valid way to park cash without it losing buying power as inflation rises.

If you want to sink all your money in high risk products, good for you. See you on Millionaire Row... or skid row.

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Dec 19, 2021
547 Posts
Joined Oct 2019
Dec 19, 2021
OliveFog741
Dec 19, 2021
547 Posts
Quote from Tonyusch :
Can resident alien, or non-citizen buy this bond
No but I'll sell you the Brooklyn Bridge for $1 million
Dec 19, 2021
1,079 Posts
Joined Aug 2011
Dec 19, 2021
tjax123
Dec 19, 2021
1,079 Posts
Quote from labboypro :
This product is indexed to inflation. So... as you "make" money on this product, that gain will be eaten up by inflation. That is a completely valid way to park cash without it losing buying power as inflation rises.

If you want to sink all your money in high risk products, good for you. See you on Millionaire Row... or skid row.

parking cash in index funds is "high risk"laugh out loud

okay buddy

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