Savings Bond investments double
Wednesday, January 18th, 2006
Categorized as: Savings Bond investment rate
The current 6.73% rate on Series I bonds has created so much new interest in Savings Bonds that the rate of new investments has more than doubled.
In December, new investments in Savings Bonds were $1.24 billion – an annual rate of $14.8 billion, compared to fiscal year (Oct-Sep) 2005’s $6.3 billion in investments.
Investments in both Series EE and Series I bonds have jumped. However, the share of new Savings Bond money that I bonds are receiving is very high. In December, 80.6% of new investments were in I bonds.
This is down from November’s 87.1%, which was the highest share of Savings Bond investments that I bonds have ever had. November’s total investments in Savings Bonds were even higher than December’s – an annual rate of $16.1 billion.
Savings Bond Advisor readers can see an online updated monthly sales chart. Check your Book Notes.