Comments on: New I bond fixed rate 0.3%; EE 1.2% http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/ Wed, 17 Mar 2010 22:06:53 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-54076 Wed, 30 Dec 2009 16:14:19 +0000 http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-54076 <b>Walt</b> - The info you're looking for is <a href="http://www.savings-bond-advisor.com/what-is-the-maximum-annual-investment/" rel="nofollow">here</a>. <b>A.C.</b> - The format is correct, but <i>OR</i> makes the second named person a co-owner, not a beneficiary. A beneficiary can't cash the bond until after you die, a co-owner can cash the bond at any time. If you want <i>POD</i> rather than <i>OR</i>, your bank has a form for Savings Bonds issued in error they can use to fix this. Tom Adams Walt - The info you're looking for is here.

A.C. - The format is correct, but OR makes the second named person a co-owner, not a beneficiary. A beneficiary can't cash the bond until after you die, a co-owner can cash the bond at any time. If you want POD rather than OR, your bank has a form for Savings Bonds issued in error they can use to fix this.

Tom Adams

]]> by: A. C. http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-54010 Wed, 30 Dec 2009 03:16:26 +0000 http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-54010 FYI, If you add a beneficiary you must use there full name, at first I used the first initial, and full last name for my beneficiary when I bought mine in paper at Capital One. They did not know or catch the error until after they sent it off and had them returned. I had to go redo the papers and that pushed me into the next month, still get the same fixed rate but did not benefit from buying at the end of the month, Finally got the bonds after having the money out of my account for almost a month. Looking at the bonds it looks like they still messed them up, My "beneficiary" is listed as an "OR" so the bonds read "My full name" "My Address" then at the bottom it says "OR Beneficiary name" which does not look right to me. Any tips on what to do? FYI, If you add a beneficiary you must use there full name, at first I used the first initial, and full last name for my beneficiary when I bought mine in paper at Capital One. They did not know or catch the error until after they sent it off and had them returned. I had to go redo the papers and that pushed me into the next month, still get the same fixed rate but did not benefit from buying at the end of the month, Finally got the bonds after having the money out of my account for almost a month.

Looking at the bonds it looks like they still messed them up, My "beneficiary" is listed as an "OR" so the bonds read "My full name" "My Address" then at the bottom it says "OR Beneficiary name" which does not look right to me. Any tips on what to do?

]]> by: Walt http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-53952 Tue, 29 Dec 2009 12:57:06 +0000 http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-53952 Tom, Good morning. What is the max you can purchase per year? 5,000 of I bonds and 5,000 EE bonds for 10,000 total? Please explain. Thanks. Tom, Good morning. What is the max you can purchase per year? 5,000 of I bonds and 5,000 EE bonds for 10,000 total? Please explain. Thanks.

]]> by: Tom Adams http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-52898 Mon, 14 Dec 2009 18:43:15 +0000 http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-52898 Jeannie - It doesn't surprise me that a bank would want to make sure a BoA cashier's check cleared, but it's a sign of the times that it's BoA itself that wants to make sure it really has the money. I believe any reasonable person listening to your story would be concerned that this is not the kind of place you'd want to keep your money. Tom Adams Jeannie - It doesn't surprise me that a bank would want to make sure a BoA cashier's check cleared, but it's a sign of the times that it's BoA itself that wants to make sure it really has the money.

I believe any reasonable person listening to your story would be concerned that this is not the kind of place you'd want to keep your money.

Tom Adams

]]> by: Jeannie Braun http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-52592 Fri, 11 Dec 2009 19:48:53 +0000 http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-52592 Yesterday, I went over to local branch of Bank of America and insisted on speaking with a supervisor about this mess. The supervisor finally understood what I was saying and after about 20 minutes of explaining to him the situation he realized a "horrible mistake" had been made. This morning, he contacted me, I went over to bank with my paperwork in hand and he produced the cashier's check that his bank made out to the Treasury Dept. for $30,000.00 and a clear form letter that they would be returning the paperwork to me as they could not sell me the I bonds in this amount. He placed the money back into my savings account, and then I explained to him I wanted to purchase (2) $5,000.00 I Bonds one for my son and 1 for myself for this year. He said the funds ($30,000) would not be available until tomorrow. I do not know why, it was their cashiers check that they made out to Treasury from monies in my savings account. I was instructed to return tomorrow morning and place the orders. Thanks for your help. Yesterday, I went over to local branch of Bank of America and insisted on speaking with a supervisor about this mess. The supervisor finally understood what I was saying and after about 20 minutes of explaining to him the situation he realized a "horrible mistake" had been made. This morning, he contacted me, I went over to bank with my paperwork in hand and he produced the cashier's check that his bank made out to the Treasury Dept. for $30,000.00 and a clear form letter that they would be returning the paperwork to me as they could not sell me the I bonds in this amount. He placed the money back into my savings account, and then I explained to him I wanted to purchase (2) $5,000.00 I Bonds one for my son and 1 for myself for this year. He said the funds ($30,000) would not be available until tomorrow. I do not know why, it was their cashiers check that they made out to Treasury from monies in my savings account. I was instructed to return tomorrow morning and place the orders.
Thanks for your help.

]]> by: Tom Adams http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-52507 Thu, 10 Dec 2009 17:57:59 +0000 http://www.savings-bond-advisor.com/new-i-bond-fixed-rate-03-ee-12/#comment-52507 Jeannie - Although Bank of America is one of our too-big-to-fail banks, very few of its employees actually know anything about Savings Bonds - and that clearly includes the folks you're dealing with. You need to insist on speaking to someone who can help you. There is an office somewhere inside the vast reaches of BoA that knows about Savings Bonds and can help you. You need to get your local branch to contact that office or give you the contact information. Tom Adams Jeannie - Although Bank of America is one of our too-big-to-fail banks, very few of its employees actually know anything about Savings Bonds - and that clearly includes the folks you're dealing with.

You need to insist on speaking to someone who can help you. There is an office somewhere inside the vast reaches of BoA that knows about Savings Bonds and can help you. You need to get your local branch to contact that office or give you the contact information.

Tom Adams

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