Savings Bond investments double
Wednesday, January 18th, 2006
Categorized as: Savings Bond investment rate
The current 6.73% rate on Series I bonds has created so much new interest in Savings Bonds that the rate of new investments has more than doubled.
In December, new investments in Savings Bonds were $1.24 billion - an annual rate of $14.8 billion, compared to fiscal year (Oct-Sep) 2005's $6.3 billion in investments.
Investments in both Series EE and Series I bonds have jumped. However, the share of new Savings Bond money that I bonds are receiving is very high. In December, 80.6% of new investments were in I bonds.
This is down from November's 87.1%, which was the highest share of Savings Bond investments that I bonds have ever had. November's total investments in Savings Bonds were even higher than December's - an annual rate of $16.1 billion.
Savings Bond Advisor readers can see an online updated monthly sales chart. Check your Book Notes.
(Average rating: 3 stars)
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1.can EE savings bonds be gifted to others and then used for education expenses to avoid the taxes
2. can owners of EE savings bonds use the proceeds to educate grandchildren and not pay taxes
thank you for your response
John - 1.) no; 2.) no.
Tom Adams