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%
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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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.
Everyone should have some sort of safe, i.e. will not lose any principal, in their portfolio. When you're young, that percentage can be low, say 5-10% tops. Diversification is important for a lot of people and this is one avenue that can be used for the safe haven.
Obviously, if an investor is willing to be risky there are places for that too. High risk, high reward. But there are a lot of people who for whatever reason (older and near retirement or got burned in 2008) that are low risk, low reward.
Bottom line: some people will like this, some people will like crypto or other high risk ventures. It doesn't make either one stupid or idiotic or the many other things some have said. It's your money, use it as you want and let others use it as they want. This is a deal site full of people trying to save money, not people with financial backgrounds. Hopefully, people are doing their own research and not relying on the advice of strangers.
Everyone should have some sort of safe, i.e. will not lose any principal, in their portfolio. When you're young, that percentage can be low, say 5-10% tops. Diversification is important for a lot of people and this is one avenue that can be used for the safe haven.
Obviously, if an investor is willing to be risky there are places for that too. High risk, high reward. But there are a lot of people who for whatever reason (older and near retirement or got burned in 2008) that are low risk, low reward.
Bottom line: some people will like this, some people will like crypto or other high risk ventures. It doesn't make either one stupid or idiotic or the many other things some have said. It's your money, use it as you want and let others use it as they want. This is a deal site full of people trying to save money, not people with financial backgrounds. Hopefully, people are doing their own research and not relying on the advice of strangers.
im seeing this deal over and over on FP and moreso gets more attention day by day. Dont really get it. It's a subpar deal thats not even worth putting any time in.
i remember back in the day there was a deal that gets you a free top of the line laptop with this amount of votes and views like this deal is getting. how times are changed
im seeing this deal over and over on FP and moreso gets more attention day by day. Dont really get it. It's a subpar deal thats not even worth putting any time in.
As for FP, that's another story. For a long time I felt the same way of all these amazon deals on FP that I didn't think were a deal at all, let alone a hot deal. It seems now that they're basing it on TU or something. But honestly, there are way worse deals on the FP than this
okay buddy
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https://www.forbes.com/advisor/in...e-i-bonds/
My calculation is .6+.8+.6+.9+.5+.3+.4=4.1/7*12=7.02 using the adjusted columns.
Why it comes out to 7.12?
QUOTE=acegolfer;152124724]FYI, the current 7.12% I-bond rate was decided by 9/2021 CPI-U release. https://www.bls.gov/news.release/...132021.htm
At that time, yoy inflation rate was 5.4%. Otoh, it increased to 6.8% in 11/2021 release. If this continues (not speculating), we may have more than 7.12% rate next May.[/QUOTE]
My calculation is .6+.8+.6+.9+.5+.3+.4=4.1/7*12=7.02 using the adjusted columns.
Why it comes out to 7.12?
QUOTE=acegolfer;152124724]FYI, the current 7.12% I-bond rate was decided by 9/2021 CPI-U release. https://www.bls.gov/news.release/...132021.htm
At that time, yoy inflation rate was 5.4%. Otoh, it increased to 6.8% in 11/2021 release. If this continues (not speculating), we may have more than 7.12% rate next May.
You are not getting the exact 7.12% figure because you are using rounded monthly rates. Instead, use https://www.bls.gov/regions/mid-a..._table.htm. Look up end of 3/2021 and 9/2021 to CPI-U numbers to calculate the 6-month % increase X 2. You will get exact 7.12%.
I was thinking we were in an asset bubble before reading this thread, now I am even more convinced. All these comments about how this bond's rates is so low when you can make 25% in an index fund or 500% in crypto. Give me a break. Buy hey every generation of investors needs to learn their risk tolerance when they get clobbered in a market downturn. Will be nice to have some cash on hand so I can take advantage of your suffering.
If I have kids 2 below 18, can I invest 10K each
So lets assume couple with 2 kids below 18. Can I put 40K in there ??
Can I do that with same online account or do we need account for each...
This website is so confusing..
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Diversify yourselves folks! Fiat always fails in the end.