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%
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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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Not that I think keeping money in bonds for 30 years would be smart, but pretty impressive for as close to zero risk as you can get.
I put in $25 for starters, because I want to make sure the system isn't glitched before I put the max in.
Not that I think keeping money in bonds for 30 years would be smart, but pretty impressive for as close to zero risk as you can get.
I put in $25 for starters, because I want to make sure the system isn't glitched before I put the max in.
The website is clunky, but the bonds are legit and I did not have any glitches when I made purchases in 2020 and 2021.
Not that I think keeping money in bonds for 30 years would be smart, but pretty impressive for as close to zero risk as you can get.
I put in $25 for starters, because I want to make sure the system isn't glitched before I put the max in.
Also, I think I can buy on my kid's behalf(Liked account 10K each) but can you buy for your spouse like some sort of joint account ?? or each partner has to create their own account..
Also, I think I can buy on my kid's behalf(Liked account 10K each) but can you buy for your spouse like some sort of joint account ?? or each partner has to create their own account..
Each purchase is separate - when you log into your account, each bond that you purchased for yourself is shown as well as gift bonds (that you purchased for others) are shown. You can do all in 1 account - only when you want to redeem the bond, the bond holder has to have their own account. So your partner / spouse / child will need to have their own account when they want to redeem / cash out but for purchase you can purchase in just 1 account with different owners / ssn of each person.
Yes, you can purchase on your kids behalf. It will be their money though. The details of this has been discussed many times in this (very long) thread.
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https://www.treasurydir
In case you're wondering, here's how the rate is computed:
Composite rate = [fixed rate + (2 x semiannual inflation rate) + (fixed rate x semiannual inflation rate)]
Looks to me one heck of a thing to buy while the current circumstances are in play.. 3 more years of the same is what I would expect. Perfect way for folks with some extra cash to safe harbor it, but it is too bad it wont help the folks who dont have $10k per person to hedge against this self induced inflation.. Let the poor eat cake..
Problem is as I think of it is the GOVT depends on financing the debt. As these short term rates raise as expected (feds are saying raising rates will slow inflation), will also effect the debt. We finance the debt of current spending and CBO numbers are based on existing rates of near zero. Like your Arm mortgage, this debt can quickly become un managable when the rates resume to something more historicaly corect the way it was. Just a 1 percent raise could throw the whole balancing act trying to hold a monitery policy in to a death spiral.
But heck the mean tweets are gone and that is all that matters to about half of the country.
Not that I think keeping money in bonds for 30 years would be smart, but pretty impressive for as close to zero risk as you can get.
I put in $25 for starters, because I want to make sure the system isn't glitched before I put the max in.
Looks to me one heck of a thing to buy while the current circumstances are in play.. 3 more years of the same is what I would expect. Perfect way for folks with some extra cash to safe harbor it, but it is too bad it wont help the folks who dont have $10k per person to hedge against this self induced inflation.. Let the poor eat cake..
Problem is as I think of it is the GOVT depends on financing the debt. As these short term rates raise as expected (feds are saying raising rates will slow inflation), will also effect the debt. We finance the debt of current spending and CBO numbers are based on existing rates of near zero. Like your Arm mortgage, this debt can quickly become un managable when the rates resume to something more historicaly corect the way it was. Just a 1 percent raise could throw the whole balancing act trying to hold a monitery policy in to a death spiral.
But heck the mean tweets are gone and that is all that matters to about half of the country.
I made my first purchase last Monday and the amount was deducted from my bank account the next business day. Each transaction took one business day to complete for me.
These things are automated so it's highly unlikely any human has to do anything to approve these things.
As long as your banking details are correct, everything should go through smoothly. I was surprised at how easy it was.
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