US Savings Bonds

Posts Tagged ‘investing’

Question: should our daughter cash in her Savings Bonds?

my daughter has several Savings Bonds given to her over a period of 10 years. She is now 17 and going to college next year. Should she
deposit her Savings Bonds in her college account now or continue to save them?

Answer: hold off until she needs the $, the bonds will continue to grow in interest

928 Who made money during the great depression? Part 1

Question: Are you picky about the questions you answer or will you answer any question on Yahoo answers?

I enjoy this website quite a bit. But I am picky about the questions I answer and find it quite annoying when I see questions that are just asked by those that apparantly have free access to a computer from their padded cell in the mental institution. I’ve seen questions such as a person wanting to know if it was normal to enjoy picking up ones own excrement and play with it, or if it was normal that they enjoy touching their own father inappropriately when the family has company. And still more from the same person, they wanted to celebrate the birthday of a dog that is not their own by purchasing a US Savings Bond for it. Sure the questions are somewhat entetaining but they lose all humor after awhile and just become repetative and moronic.

Answer: i’m pretty picky lol

GGN- Economic News :: August 23, 2010

Question: Savings Bonds: What is the difference between EE bonds and I Bonds?

I have purchased both I Bonds and EE bonds in the past, and it seems like the interest rate on I Bonds is much better. Why is that?

Answer: I Bonds are a better choice because they are adjusted twice per year for inflation. In the simplest terms, the interest rate will be much better that the EE bonds. The EE bond now are at a fixed rate which means that the life of the bond will be at whatever rate in which you brought it. It wasn’t like that in the past for EE bond. That change was recently made. I Bonds can be redeemed in 5 years without forfeiting any of the interest. If you redeem sooner, you will loose three months worth of interest. With both bond, you are only taxed on the federal level, not state. You can also be tax exempt for both bond if you use them for qualified educational expenses.

Treasury Direct is an excellent website for learning about and purchasing these bonds.

Peter Schiff: The Crisis Starts Now!