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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 19, 2021 5:49 PM
1.3K Comments
Joined Jul 2009
gironheDec 19, 2021 5:49 PM
1.3K Comments
This is a good investment to set and forget, and probably for older folks who don't want a lot of risk.
Dec 19, 2021 5:59 PM
2.9K Comments
Joined Jun 2008
KaatuPaadiDec 19, 2021 5:59 PM
2.9K Comments
Only thing I have learnt in my lifetime which is true is, NEVER bet against US..
Atleast for the foreseeable future.. So don't expect default bla bla because before US defaults, the rest of the countries might be already back in bronze age..
Dec 19, 2021 6:26 PM
3 Comments
Joined Mar 2014
ScottS4270Dec 19, 2021 6:26 PM
3 Comments
Can you buy $10K before year-end and another $10K before the change in 2022 to get this rate?
Dec 19, 2021 7:11 PM
1.1K Comments
Joined Dec 2011
shaolinwookieDec 19, 2021 7:11 PM
1.1K Comments
is there a limit of how much you can contribute

also, can you fund it from a bank account/credit card
Dec 19, 2021 8:11 PM
20.2K Comments
Joined Sep 2003
beowulf7Dec 19, 2021 8:11 PM
20.2K Comments
Signing up was a bit more involved than just opening a bank account.
Dec 19, 2021 8:12 PM
20.2K Comments
Joined Sep 2003
beowulf7Dec 19, 2021 8:12 PM
20.2K Comments
Quote from ScottS4270 :
Can you buy $10K before year-end and another $10K before the change in 2022 to get this rate?
The fine print says $10,000 per calendar year. So I would imagine you can.
Dec 19, 2021 9:28 PM
1.1K Comments
Joined Dec 2011
shaolinwookieDec 19, 2021 9:28 PM
1.1K Comments
Quote from beowulf7 :
Signing up was a bit more involved than just opening a bank account.
hm why is that, what did they need?

and can you fund from a bank account?

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Dec 19, 2021 9:56 PM
5.3K Comments
Joined Dec 2006
talkbackfreebieDec 19, 2021 9:56 PM
5.3K Comments
Quote from beowulf7 :
Signing up was a bit more involved than just opening a bank account.
I didn't have a speck of trouble signing up which surprised me since I'm quite familiar with what a pain federal websites normally are.
Dec 19, 2021 9:58 PM
1.1K Comments
Joined Dec 2011
shaolinwookieDec 19, 2021 9:58 PM
1.1K Comments
does this give you interest on a monthly or yearly basis?
Dec 20, 2021 1:12 AM
1.2K Comments
Joined Mar 2005
acegolferDec 20, 2021 1:12 AM
1.2K Comments
Quote from shaolinwookie :
does this give you interest on a monthly or yearly basis?
Monthly. But because of 3-month penalty, the account balance will change from month-4.
Dec 20, 2021 1:20 AM
763 Comments
Joined Dec 2012
thumperstainDec 20, 2021 1:20 AM
763 Comments
Quote from ScottS4270 :
Can you buy $10K before year-end and another $10K before the change in 2022 to get this rate?
Yes, you definitely can.
Dec 20, 2021 1:32 AM
3.8K Comments
Joined Aug 2005
labboyproDec 20, 2021 1:32 AM
3.8K Comments
......
Last edited by labboypro December 19, 2021 at 06:37 PM.
1
Dec 20, 2021 1:44 AM
1.1K Comments
Joined Sep 2007
kahootsDec 20, 2021 1:44 AM
1.1K Comments
Quote from KaatuPaadi :
So how much you can invest ??. 10K per year per person ?

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..
I have the same question. Anyone else know?
Dec 20, 2021 1:48 AM
6.7K Comments
Joined Mar 2004
practicalmeDec 20, 2021 1:48 AM
6.7K Comments
Quote from ScottS4270 :
Can you buy $10K before year-end and another $10K before the change in 2022 to get this rate?
Quote from labboypro :
Yes, and be aware that this rate is adjusted every 6 months, so it will almost certainly change May 1. Your purchase does NOT lock you into a rate beyond the 6-month periods (May-October and November-April)... so if it goes up, any purchase you've made today or after January 1 goes up. If the rate goes down (not terribly likely given current conditions), your rate goes down.
The rate locks in for 6 months but won't change in May. If you buy in January, the rate will change to the revised rate in July 2022. And then again in January 2023, and so on, until you cash it in. And if cashed in before 5 years, the most recent 3 months interest will be forfeited.

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Dec 20, 2021 1:59 AM
3.8K Comments
Joined Aug 2005
labboyproDec 20, 2021 1:59 AM
3.8K Comments
......
Last edited by labboypro December 19, 2021 at 06:37 PM.
1

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