New Savings Bond investments still very slow
Thursday, June 14th, 2007
Categorized as: Savings Bond investment rate
Investments in Savings Bonds during the first eight months of the government’s fiscal year 2007 (Oct through May) amounted to less than half of the dollars invested in Savings Bonds during the same months the previous year.
So far, FY-2007 investments are running at an annual rate of $3.8 billion. This is the lowest annual investment rate since FY-1981 ($3.36 billion) and FY-1982 ($3.11 billion).
So far this year, new investments have been almost evenly split between Series EE and Series I.
If you’re a reader of my book, , you have access to an online graph showing the level of Savings Bond investments since Series I bonds were
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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