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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NEWS: The initial interest rate on new Series I savings bonds is 7.12 percent. You can buy I bonds at that rate through April 2022. Source [treasurydirect.gov]
We set the inflation rate every six months (on the first business day of May and on the first business day of November), based on changes in the non-seasonally adjusted Consumer Price Index for all Urban Consumers (CPI-U) for all items, including food and energy.
However, the change is applied to your bond every six months from the bond's issue date. (The dates for these changes might not be May 1 and November 1.)
Well forget that. It's not worth the hassle. I cannot believe this is the process though. What a joke.
This is further supported by the historical rate chart down the page that goes all the way back to 1998-- November rate, May rate, November rate, etc.
"What interest will I get if I buy an I bond now?
The composite rate for I bonds issued from November 2021 through April 2022 is 7.12 percent. This rate applies for the first six months you own the bond."
So it looks like you're wrong.
This is further supported by the historical rate chart down the page that goes all the way back to 1998-- November rate, May rate, November rate, etc.
This page may spell it out a bit more: https://www.treasurydir
It's sort of pain to figure it all out. I bought a bond in June this year for a 3.54 rate that changed over in December to the 7.12 rate.
Well forget that. It's not worth the hassle. I cannot believe this is the process though. What a joke.
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Well forget that. It's not worth the hassle. I cannot believe this is the process though. What a joke.
I'll try to do this tomorrow. Thanks!
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We purchase $40k of bonds from my account and then I keep the kids bonds in my account but deliver the bonds for my spouse to their account. All purchases are done from my account which has bank information tied to it. Just make sure when you buy bonds for your spouse / kids, you use only their information / SSN as the owner - you can make someone else the beneficiary but only one owner and not a joint owner.
We buy $40k of bonds using below:
$10k in Spouse 1 with Child 1 as beneficiary
$10k in Spouse 2 with Child 2 as beneficiary
$10k in Child 1 with Child 2 as beneficiary
$10k in Child 2 with Child 1 as beneficiary.
All of these are purchased in the Spouse 1's account and stay as a gift till you open accounts for others and deliver the gift you purchased for them to their account.