Comments on: Should I buy Series I or Series EE Savings Bonds?

by: Tom Adams

Mon, 12 May 2008 14:13:32 +0000

Wendy - No, it is not true that EE Bonds double in 7 years - currently it takes 20 years. You'd probably be better off putting the money in a Qualified Tuition Program.

Tom Adams

by: wendy

Sun, 11 May 2008 02:37:26 +0000

I would like to start buying 100.00 savings bonds each month for our three children. I was told that if I buy a fifty dollar bond that in 7 years it will double therefore will be equal to 100.00. My children are 12, 10, 6 and this is the first that we have had any extra money to start saving for college. I figured that if we could double what we are paying for, the children would have a little savings for college. Is it true that in 7 years the bonds double?

by: Tom Adams

Thu, 06 Dec 2007 16:37:04 +0000

Sarah - The interest rates on EE bonds are so low that the Treasury is just taking advantage of people like you.

You should invest in I bonds. The initial cost is the same as their face value and they pay interest for 30 years years. They aren't guaranteed to double in value like EE bonds, but they are highly likely to double years before EE bonds will.

Tom Adams

by: Sarah Garcea

Thu, 06 Dec 2007 03:43:00 +0000

I want to start buying savings bonds for my new grandson, which is better, I or EE bonds? Also, is the initial cost at 50% of the face value? How many years until maturity?

by: Tom Adams

Fri, 09 Feb 2007 14:32:18 +0000

Richard - Savings Bonds and CDs have a lot of differences besides the interest rate. You need to look at your own financial situation in terms of the differences to determine which is best for you.

For more information, see my post Series I bonds versus bank CDs.

by: RICHARD HETRICK

Fri, 09 Feb 2007 06:02:38 +0000

TOM, I HAVE BEEN BUYING SAVING BONDS FOR THE LAST 4 YEARS . LATELY C.D. ARE LOOKING BETTER THAN I BONDS . WHAT DO YOU THINK ? SHOULD I KEEP GETTING I BONDS OR INVEST IN CD'S THANKS , RICK