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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You're right that "old money" is trying to stop crypto from taking over. The difference is that "old money" is the governments of the developed world. That's a very different fight than Kmart not liking Amazon.
You don't want to be a part of a financial system where 30 people own 85% of the currency. Wealth inequality in America is already bad enough and has enormous day-to-day consequences, though they're often overlooked. Crypto is way, way worse. If Elon Musk sells all of his assets, the dollar will be fine. Rug pulls by whales are a regular occurrence and they destroy the coin. That's not how the economy should function if you want the economy to have any meaning.
^ this right here
Getting I Bond drips is insignificant to the typical investor, and if the goal is legitimate wealth preservation against inflation I Bonds won't even come close
Crypto will have a huge transformation and disruption of the financial system in the future and the old money is trying to stop crypto from taking over.
Today most of us already have access to some type of digital currency but blockchain will remove the dependence on current financial systems. And that's what worries banks.
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For those not in the "should have been" and are in the "should be" column, going into an inflationary environment with appreciating assets leveraged with low rate fixed long term debt is what's needed, not giving it to the Treasury
You don't seem to be the type that has balance investment portfolio and still ends up with bundles of cash left.
You don't seem to be the type that has balance investment portfolio and still ends up with bundles of cash left.
It doesn't even matter, the inflation factor is hilariously so far off base which I've repeatedly mentioned already. It's not even close, no where near close to what inflation truly is. If you can't grasp that, then there is no amount of discussion that can take place that will remove your blinders.
Playing around with $10,000 I-Bonds going into an inflationary environment thinking you're protected and preserving your wealth from inflation, is not good. Unless of course, you need that money to survive in which case it's your only option, your "better than nothing" option. Hence the "should have been" column.
"Cash" should be looked at only as a tool. Giving cash back to the Treasury and holding their debt, thinking it's all good b/c you get a little drip (taxed at your Federal income rate I might add, so they claw a chunk of it back anyways).... pegged to a inadequate inflation metric to boot, is a stupid use of that tool. Uunless as mentioned above, it's your better than nothing option.
EDIT: You might be eating crow by the time the bell is rung today, LOL
Playing around with $10,000 I-Bonds going into an inflationary environment thinking you're protected and preserving your wealth from inflation, is not good. Unless of course, you need that money to survive in which case it's your only option, your "better than nothing" option. Hence the "should have been" column.
"Cash" should be looked at only as a tool. Giving cash back to the Treasury and holding their debt, thinking it's all good b/c you get a little drip (taxed at your Federal income rate I might add, so they claw a chunk of it back anyways).... pegged to a inadequate inflation metric to boot, is a stupid use of that tool. Uunless as mentioned above, it's your better than nothing option.
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