FY-2006 Savings Bond investments double
Wednesday, April 19th, 2006
Categorized as: Savings Bond investment rate
Investments in Savings Bonds during the first six months of fiscal year 2006 (Oct-Sep) totalled $6.35 billion, exceeding the amount invested in Savings Bonds in all twelve months of fiscal year 2005, which was $6.31 billion.
Sales continue to be driven by Series I bonds, which have accounted for over 80% of the dollars invested for all five months in which they’ve offered the 6.73% interest rate for their first six-month rate period.
TreasuryDirect accounted for 17% of all dollars invested in Savings Bonds in March.
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.