$5.37 billion invested in I bonds at 6.73%

Tuesday, May 16th, 2006
Categorized as: Savings Bond investment rate

During the six-month period when Series I Savings Bonds had an initial rate of 6.73%, new I bond investments were over $5.37 billion. During the same period investors purchased about $1.04 billion of Series EE Savings Bonds, giving I bonds almost an 84% share of the total during the six-month window.

To put these levels in perspective, the total investment of $6.42 billion during the six-month period was more than the $6.31 billion invested in the entire 12 months of fiscal year 2005.

For the 2006 fiscal year to date, which also includes October 2005, before the I bond was raised to 6.73%, new Savings Bond investments have reached $6.95 billion. Over 80% of the new money has gone into I bonds and about 21% of the new money was invested using TreasuryDirect.

If you’re a reader of my book, Savings Bond Advisor, you have access to an online graph showing the level of Savings Bond investments since Series I bonds were introduced in 1998. Check your Book Notes for the link.

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FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:

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June 1, 2010

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Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for. If you have a copy of Savings Bond Advisor, you can ask me a question here.

Tom Adams

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