US Savings Bonds

Archive for January, 2011

Question: What type of Savings Bonds are the best to buy?

I looked into the treasury direct website and I see that the I-Bonds have a 4.84% interest rate, this seems like a good rate. Is this the best type of bond I can purchase, if not which one is best and why. I will choose best answer for the best explanation.

Answer: Your choices are series I or series EE.

Series I Bonds are based on the inflation rate + extra. I think they take the rate of inflation and add 0.6% or so to it. With these, you are always guaranteed to make more than inflation.

Series EE Bonds are trickier. Their rates are determined using a complicated formula. They are purchased at half of face value and achieve face value in ~7 years (depending on the rate).

Both are very stable, but you should remember they’re long term, multiple year investments.

I like Savings Bonds because they have a pretty decent rate. I used to have a lot of Savings Bonds and kept track of them on this savings bong calculator website:

http://www.treasurydirect.gov/BC/SBCPrice

It’s a lot of fun to go on and update the value of your inventory every month.

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Question: What’s the deal with EE Savings Bonds?

I recently got 4 of them as a gift, what do i do know or how long i keep it and why

Answer: They are worth about half the face value. Go to any real bank and ask about it. I suggest that whom ever gave them to you was trying to instill a sense of savings to you. You should respect that! I believe they will reach face value in 7 years or so. The bank teller can help you.

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