Should I buy Series I or Series EE Savings Bonds?
Friday, September 24th, 2004
Categorized as: Yesterday's News (old post archive)
I have $15,000 sitting in a bank as a CD not even making 1.5 percent interest. If I was to transfer it all into Saving Bonds, which series would give me the most interest after taxes?
If you moved your $15,000 into either Series EE or Series I Savings Bonds, you'd earn a higher rate and you'd pay no tax at all until you redeemed them.
I think Series I bonds are a much better investment than Series EE. My book, Savings Bond Advisor, includes a seven-page look at the pros and cons of I bonds and the reasons that I prefer Series I.