Are Savings Bonds patriotic?

Friday, July 9th, 2004
Categorized as: Savings Bond history

Bankrate.com published a new article about Savings Bonds this week, Star-Spangled Savings, that starts, “Feeling patriotic? Maybe you want to lend a little money to your Uncle Sam by investing in U.S. Savings Bonds.”

Bankrate.com devotes immense effort to collecting current rates for bank certificates of deposit and money market accounts. Patriotic or not, Savings Bonds are a type of investment that competes with the CDs and money market accounts that Bankrate touts.

Although there are about $200 billion worth of Savings Bonds outstanding, they make up only about three per cent of the total outstanding public debt.

Are the foreign governments that buy marketable Treasury securities – which cover over 50% of the national debt – even more patriotic? Are government bond traders the most patriotic people of all?

Although Savings Bonds were marketed during World War II as a way to help the war effort, World War II was a long time ago.

Today Savings Bonds are a type of investment that’s available to indivdual investors directly from the Treasury, with all the advantages that offers.

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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:

2 Comments

On December 2nd, 2008 charmane kielbasa said:

i would like to know if there is a difference between a series ee patriot bond and a regular series ee bond?

On December 3rd, 2008 Tom Adams said:

Charmane – Since Dec 11, 2001, most Series EE bonds have the words “Patriot Bond” in small print on their face. That’s it. Otherwise there’s no difference between a Patriot Bond and any other EE bond issued the same month.

Tom Adams

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June 1, 2010

After six years, over 400 posts, 3,680 real comments, and over 90,000 spam comments (thank you, Akismet, for making managing a blog with comments possible), I am closing public comments on Savings-Bond-Advisor.com. I will contine to update the main articles on this site, but not the comments.

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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