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
3,499 Comments
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with the omicron surge looking to last into late January, it's only going to make supply chain issues and inflation worse in the near term. I doubt the April rate will change drastically.
## Below error if i try to login using the account number created by TD:
The following error(s) have occurred:
We haven't received your TreasuryDirect Account Authorization form (FS 5444E) so a hold has been placed on your account. To remove the hold, print and mail us the completed form which can be found at http://www.treasurydir
## Below error if i try to login using the account number created by TD:
The following error(s) have occurred:
We haven't received your TreasuryDirect Account Authorization form (FS 5444E) so a hold has been placed on your account. To remove the hold, print and mail us the completed form which can be found at http://www.treasurydirect.gov/pdf...ctauth.pdf [treasurydirect.gov].
## Below error if i try to login using the account number created by TD:
The following error(s) have occurred:
We haven't received your TreasuryDirect Account Authorization form (FS 5444E) so a hold has been placed on your account. To remove the hold, print and mail us the completed form which can be found at http://www.treasurydir
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The last time the fixed rate was non-zero was 11/1/2019 at 0.20%.
May 1, 2009 -2.78%
May 1, 2009 -2.78%
To answer your question, even if the inflation rate becomes negative, the i-bond rate will be non-negative. IOW, I-bonds never lose nominal value just like a savings account.
If you go to History -> Security History it should give the trail on when the system issues the bond and its effective date tells you if this is applicable for this year or next. Will see
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You can redeem after 12 months so it will be 2/2023 in your example. But you won't be making 7% because we don't know the 2nd 6-month rate. 7.12% APR only applies to the 1st 6 months.
After 1 year, you can withdraw and take 3 month penalty.
You will only make 7% if the new rate next year is also around 7% (who knows, but probably unlikely that high). So annualized will be between 3.5% and 7% minus the penalty