Series I outsells Series EE by more than 2 to 1 in May

Thursday, June 23rd, 2005
Categorized as: Savings Bond investment rate

Investors purchased $484.8 million of Series I Savings Bonds in May, compared to $216.3 million of Series EE. The Series I percentage of the total, at over 69%, hasn’t been this high since November 2003.

It appears that – as we predicted in our last sales report – Series I investors were waiting during April because they expected higher rates after the Treasury’s May 1 rate announcement. And they got them.

Total Savings Bond sales in May were $701.1 million. The only month this fiscal year (since November) with higher total sales was January.

However, so far this fiscal year Savings Bonds have sold at an annual rate of $6.726 billion, which will create the lowest annual rate since 2001 if sales continue at this pace for the rest of the fiscal year.

If you have a copy of my book, you can see an online updated monthly sales chart at Book Note 2-1.

Rate this post (1 to 5 stars):  1 Star2 Stars3 Stars4 Stars5 Stars  (No Ratings Yet)
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:

No comments yet.

Comments Closed

June 1, 2010

After six years, over 400 posts, 3,680 real comments, and over 90,000 spam comments (thank you, Akismet, for making managing a blog with comments possible), I am closing public comments on Savings-Bond-Advisor.com. I will contine to update the main articles on this site, but not the comments.

Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for. If you have a copy of Savings Bond Advisor, you can ask me a question here.

Tom Adams

Savings Bond Calculator



Help

Savings Bond
Questions

Get an answer to your questions from the Treasury's Savings Bonds team.

Click below to ask a question.

Ask the Treasury

TreasuryDirect

Invest online in Savings Bonds or
marketable Treasury securities.

Deal directly with the U.S. Treasury.

More info

Enroll

Log in