NEWS: The initial interest rate on new Series I savings bonds is 7.12 percent. You can buy I bonds at that rate through April 2022.
7.12% of Series I savings bonds
Praveen Chawla
Nov 22, 2021
Charlie Tian
Nov 22, 2021
The limit per person per year is $10000.
Eric Napier
Nov 23, 2021
-Max $10,000 per person per year.
-Can't cash in for at least 12 months.
-If you redeem within 5 years, you forfeit the last 3 months of interest.
Could be a great place to park some medium-term emergency cash.
Praveen Chawla
Nov 23, 2021
Put $10K for each family member. It's a good deal for US residents with the markets so high.
Eric Napier
Nov 24, 2021
Personally, I tend to agree. Where else can you get 7% guaranteed?
Douglas Sabra
Nov 26, 2021
The 7% is not "guaranteed", The rate is variable and resets twice each year based on the CPI-U and interest is compounded semi-annually.
Eric Napier
Nov 26, 2021
It is "guaranteed" for the next 6 months. Nobody said it was guaranteed in perpetuity.
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