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Slickdeals Forums Deal Talk US Treasury Series I Savings Bonds Inflation Rate Earnings (Nov '21 - April '22) 7.12% Interest (Limit $10K/Year Per Person)

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US Treasury Series I Savings Bonds Inflation Rate Earnings (Nov '21 - April '22) Expired

7.12% Interest

(Limit $10K/Year Per Person)

+951 Deal Score

1,415,566 Views 3,499 Comments

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.
  - Electronically: Online via TreasuryDirect (including through payroll direct deposit)
  - Paper: By mail when you file your federal tax return
- 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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Original Post

Written by Edited January 25, 2022 at 02:44 PM by

Due to the very high level of inflation the US government is paying un unprecedented 7.12% interest on its Security I bonds. There is a limit of $10,000 per year per person.

https://www.treasurydirect.gov/in...glance.htm

There are quite a few articles around which share why this could be a potentially low risk investment with a high yield.

https://www.usatoday.com/story/mo...?gnt-cfr=1

You would have to create your own account through the Treasury Direct website and then link a bank account. You can additionally invest another $5K in paper bonds during the time you file your tax returns.

Please do your own diligence and invest at your own risk.

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Looks tempting. But these are only rated for inflation as fixed rate is 0%. Once inflation is back down, your rate will go down with it.
In case you're wondering, here's how the rate is computed:
Composite rate =

No, these are govt bonds. They stay in the treasury. I bonds are based on the rate of inflation. They have a fixed rate plus the current rate of inflation. Inflation goes up, you earn more. It was 3.54%. Rates went up on 11/1. To realize the full benefit you need to buy before the rates change on 5/1 and 11/1. No fees or penalties. Hold for a min.of a year. If you cash out in less than 5 years you forfeit 3 months interest. After 5 years, you don't pay anything. You can only buy $10k/yr and then up to an additional $5k if purchased directly from your tax refund.
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.

By the way, using your tax refund to purchase bonds won't count toward your $10k yearly limit.

https://www.treasurydirect.gov/in...eature.htm

mtnagel

Joined Jun 2005

L6: Expert

1,221 Posts

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mtnagel

06-14-2023 at 05:52 AM.

Quote from occasional7

Trying to compute the 3 months of low (3.4% annual) rates before i sell..

I bought in Dec 2021. Based on this eyebonds link http://www.eyebonds.info/ibonds/1...21_12.html [eyebonds.info] it appears that i should sell on Oct 1 or later,

Did i read that right?

Thanks for posting that. I hadn't seen that before and it's very helpful. If I'm reading the chart correctly, I'd say you are correct, but I'd love for someone else to confirm.