Category: in
U.S. Government Treasury is at present providing 9.62% Interest Rate (Annualized for six Months) in mixed Fixed + Inflation Rate Earnings legitimate on newly issued Series I Savings Bonds bought from May via October 2022. Limit of $10,000/12 months per individual.
Thanks to Community Member Libertarian for posting this supply.
About this supply:
How do I purchase a Series I bond?
Must register or sign-in to your free TreasuryDirect.gov account and hyperlink a checking account.
Electronically: Online by way of TreasuryDirect (together with via payroll direct deposit)
Paper: By mail whenever you file your federal tax return
Click right here to view a Guided Tour
What is a Series I bond? (supply)
“A financial savings bond that earns curiosity based mostly on combining a hard and fast charge and an inflation charge.”
You might use Series I bonds to:
Save in a low-risk product that helps shield your financial savings from inflation
Supplement your retirement revenue
Give as a present
Pay for training
Click right here for extra details about Series I Bonds
What curiosity does a Series I bond earn? (supply)
A mixture of a hard and fast charge that stays the identical for the lifetime of the bond and an inflation charge that’s set twice a 12 months.
An I bond earns curiosity month-to-month from the primary day of the month within the situation date. The curiosity accrues (is added to the bond) till the bond reaches 30 years otherwise you money the bond, whichever comes first.
The curiosity is compounded semiannually. Every six months from the bond’s situation date, curiosity the bond earned within the six earlier months is added to the bond’s principal worth, creating a brand new principal worth. Interest is then earned on the brand new principal.
The composite charge for I bonds issued from May 2022 via October 2022 is 9.62 %. This charge applies for the primary six months you personal the bond.
When can I money my I bonds?
After they’re 12 months previous.
If you money an I bond earlier than it’s 5 years previous, you’ll lose the final three months of curiosity.
I bonds earn curiosity for 30 years if you happen to do not money the bonds earlier than they mature.
If you have been affected by a catastrophe, particular provisions might apply.
