Series EE – Double-Value Questions
Tuesday, August 3rd, 2004
Categorized as: Series EE US Savings Bonds
About how long will it take for Series EE bonds purchased this year to reach face value? In the past it took about seven or eight years. If the new EE take longer, are there other US bonds which will double in value in about a 10 year period?
Tom’s response
Series EE bonds purchased now are guaranteed to double in value in 20 years, which is the equivalent of a 3.5% interest rate. To double in value in 10 years, you’d need an interest rate of just under 7.2%. There aren’t any low-risk investments currently paying that high a rate.
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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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