US Savings Bonds

Archive for July, 2007

Question: Difference of US Government Savings Bonds?

Suppose today I purchase 2 bonds. 1 I and 1 EE both with a face value of $1,000.
What am I looking at in differences of how they mature, when they will be worth their face value with no penalty and the maximum time they’ll earn interest?

Pretty much I don’t know anything about either and would like to know the details along with recommendations on which is the suggested one to buy.

Thanks!
I’m not looking into the bonds as an investment, they are a gift for my baby for when he’s older. I’m just looking for information about the bonds themselves.

Answer: If you are looking for bonds for your baby,you are better off to look for a good bank and buy GIC,guarantied investment certificate.Buy them yearly and roll them over(Renew) You can find very good Internet banks ,you keep your own bank and transfer the money to that bank.Don’t accept any less than 4.10 % interest that is what you can get when you invest for 5 years,take compound interest (every year you keep the money in and you get interest on top of the interest you made)

Financial Striaght Talk: Financial Investment Retirement Plan: 401k, Bonds, Mutual Funds