U.S. Gov Offering 7.12% Interest "Risk Free"

The U.S. Gov is offering a shocking 7.12% for Series I savings bonds that are bought from the US Dept of Treasury now through April of next year. This is the second highest that has ever been offered.

More people continue to educate themselves about inflation and the money problems in the market and they are asking about it increasingly, they are worried about prices and how bad inflation might get. Many are concerned that it will go up and we might experience a situation that other countries have also similarly faced in recent years.

This move to offer this shocking interest rate has some suggesting that inflation is likely worse, that this is a weak attempt to address that inflation, and that it might also be an effort to combat interest for cryptocurrencies that has been growing along with fears of inflation and market uncertainty.

Bitcoin has been seen as a potential hedge against inflation and so it shouldn't be any surprise that as fear grows for inflation around the world that more people will be looking for something like bitcoin.

But now the US gov is trying to attract with the 7.12% for a limited time though financial advisors insist there are things you should consider before jumping right in. Is it the interest alone that might draw people away from crypto? The amount people are earning isn't the only appeal that has drawn people to the cryptocurrency space, the control it gives people over their finances is another draw that cannot be offered in the same way from traditional methods.

not financial advice