FY-2006 Savings Bond investments up 32%, but…

Friday, October 20th, 2006
Categorized as: Savings Bond investment rate

Total new investments in Savings Bonds during the government’s 2006 Fiscal Year (October 2005 through September 2006) were $8.337 billion dollars, up a bit more than 32% from FY-2005.

However, all the gains belonged to Series I bonds and to the first half of the fiscal year.

For the year as a whole, 77% of Savings Bond investments went to Series I bonds. FY-2006 was the second highest year ever for Series I investments.

Series EE investments, at $1.892 billion, were down more than 25% from the previous year.

New investments have declined every month since January. July, August, and September each set a 20-year record for the fewest new investments in Savings Bonds.

Readers of my book 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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Tom Adams

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