Posted by Jeff-oh on January 26, 2009 at 14:11:23 from (192.88.212.34):
In Reply to: OT: US savings bonds? posted by Gun guru on January 26, 2009 at 13:49:08:
You can also go to a bank and they should be able to give you good info.
Basicly two types: EE - $100 bond sells for $50.00 Earns interest for 30 years. Interest rate updates every Nov. 1st and May 1st. Cannot cash in until after 12 months pass and if cashed in before 5 years has passed you forfit 3 months of interest.
I bond: Has a fixed rate component and a variable rate component. $100 bond sells for $100 Earnes interest for 30 years. Variable part of Interest rate updates every Nov. 1st and May 1st. Cannot cash in until after 12 months pass and if cashed in before 5 years has passed you forfit 3 months of interest.
But dave2 is right go to the horses mouth for all the facts the web site is actually very good.
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