I Bonds hit 72.2% of investments in October
Monday, November 21st, 2005
Categorized as: Savings Bond investment rate
Investments in Savings Bonds in October were $531.6 million. This is an annual investment rate of $6.38 billion, essentially unchanged from the 2005 fiscal year rate.
However, Series I bonds made up 72.2% of the total October investments, which is the highest share they’ve had since October 2003, when the I bond share reached 81.7%.
Given that EE rates were lowered on November 1 while the composite I bond rate was raised, look for the I bond share to reach its highest level ever during the next six months.
Savings Bond Advisor readers can see an online updated monthly sales chart. Check your Book Notes.
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Loading...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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Tom Adams