Treasury Confirms November 2012 Series I Savings Bond Rate
Not long ago, I wrote about the likely rates for Series I Savings Bonds starting in May 2012. At the time it appeared that the variable (inflation) portion of the rate would wind up being 1.76%. While the fixed portion was unknown, it seemed likely that it would remain at 0%.
Well, the Treasury has since confirmed this. An overall earnings rate of 1.76% composed of 1.76% variable + 0% fixed rates. So if you buy now, you’ll get 1.76% for the next six months followed by six months at whatever the new variable rate is (announced in May 2013) plus your 0% fixed rate, and so on. Unfortunately, you’ll have to deal with that 0% fixed rate until you redeem your bonds.
If you haven’t bought your allotment for this year, you don’t have much choice at this point. You either buy now (or at least before the end of 2012) or you forego your 2012 purchase limit. Once 2013 hits, you’ll have a choice between buying at the current (1.76%) rate or waiting to see wait May (or even November) brings.
Disclaimer: Discover is a paid advertiser of this site.
Reasonable efforts are made to maintain accurate information. See the Discover online credit card application for full terms and conditions on offers and rewards.
Modified on November 11th, 2012 - One Comment
Filed under: Saving & Investing
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
Related articles...
» Treasury Confirms May 2011 Series I Savings Bond Rate» Treasury Confirms May 2012 Series I Savings Bond Rate
» Series I Savings Bond Fixed Rate Falls to 0% (Nov 2010)
» Series I Savings Bond Rates – November 2010
» Technical Update: Comments Now Functional
» Series I Savings Bond Rates – November 2011
» Series I Savings Bond Rates – November 2012
» Series I Savings Bond Rates – May 2010
Was this article useful? Please sign up to receive our content via e-mail:
One Response to “Treasury Confirms November 2012 Series I Savings Bond Rate”
Leave a Reply
Top Cards by Category
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
Bonus Miles: Earn 30,000 bonus miles toward Award Travel after you spend $500 on the Card within the first three months of Cardmembership. Earn As You Spend: Get 2X miles on Delta purchases and 1X miles for all other eligible dollars spent.
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
Treat yourself to the gold standard of The Business Gold Rewards Card(R) from American Express OPEN which includes $0 introductory annual fee for the first year, then $175. This charge card can supercharge the way your business earns rewards with three times points on airfare purchased from airlines, two times points on purchases at US gas stations up to $100,000 in each category per year, then 1 point. Terms and limitations apply.
The new Discover it card is out to change the way people think about credit cards. No annual fee. No overlimit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And Discover won't increase your APR for paying late.*
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math
- Dish Network Customer Service SUCKS
- $8,000 Homebuyer Tax Credit
- Pay Off Mortgage Early or Invest?
- How to Claim the First-Time Homebuyer Tax Credit
- Termite Control: Sentricon vs. Termidor
- How Much Should You Pay a Babysitter?
- Reduced Credit Limits? Share Your Experience
- Ethanol Blended Gas = Lower Mileage?
- $15,000 Homebuyer Tax Credit
- Buying Furniture off the Back of a Truck
- Will Mac OS X Lion Kill Quicken 2007?
How to save money on insurance
- How to help your family after you are gone
- Will Social Security be gone before I retire?
- Refund, or no refund?
- This battle of the sexes has no winner
- What to look for when buying an energy-efficient home
- The hidden savings in a rent payment
- How to save money on vacations using social media and new technologies
- How to budget without regular paychecks
- What do you do with your windfalls?
- Don't believe the bull
November 7th, 2012 at 1:39 pm
Keep up the posts. They remind me to keep this as an option. I miss the rates when I first started this back in 2003 popping money in every once in a while. These posts remind me to keep this as an option option.
Looking at the history: http://www.treasurydirect.gov/.....dterms.htm
Sure seeing zero for fixed is the sad part.
Thanks for the i bond info and keep on posting.