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
Sign up for a Slickdeals account to remove this ad.
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.
If you have money sitting in cash (or money market account, or savings account) that you won't need within the next year then this is a better alternative.
If you are investing for the long term (5+ years) then an S&P or total market index fund is a better choice.
If you are interested at crypto then there are lots of options with varying levels of risks and returns. YouTube is awash with information/bs but tldr; the odds are very much against finding another Bitcoin. There may be other opportunities but knowledge is power and if you can't put in the (lot of) effort to understand wtf it's all about you are best to stay out of it.
If you have money sitting in cash (or money market account, or savings account) that you won't need within the next year then this is a better alternative.
If you are investing for the long term (5+ years) then an S&P or total market index fund is a better choice.
If you are interested at crypto then there are lots of options with varying levels of risks and returns. YouTube is awash with information/bs but tldr; the odds are very much against finding another Bitcoin. There may be other opportunities but knowledge is power and if you can't put in the (lot of) effort to understand wtf it's all about you are best to stay out of it.
I got a refund earlier this year...can I use that money?
If not, for my 2022 refund, how do I use that money to secure more than the 10k?
I got a refund earlier this year...can I use that money?
If not, for my 2022 refund, how do I use that money to secure more than the 10k?
https://www.irs.gov/refunds/using...ings-bonds
Sign up for a Slickdeals account to remove this ad.
He's saying for some the bond is more than a 0% interest earning hedge against inflation. He believes he won't be affected by inflation in the classic textbook sense (e.g. the cost of a gallon of milk); especially since he's already buying things discounted on SD.
Think of it this way. Suppose you gambled that 10K away and lost it all versus investing it. In the end you'd have $712 in your pocket that you didn't have before.
Take that to your economics class.
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
What I saw is: 7.12 is good for six months.
Sign up for a Slickdeals account to remove this ad.
What I saw is: 7.12 is good for six months.