Thread: savings bond?
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Old 08-28-2005, 04:47 PM
CheaplyClever CheaplyClever is offline
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Default Re: savings bond?

Thanks, Baselle, I bookmarked the website. I remeber another thread a while back on this same subject, maybe from Jeffrey?

I'm not real comfortable about using my SS# on-line... But it certainly is worth checking into.

I did find out that bonds purchased in 1992 through February 1993 yielded 8% interest for five years and then the interst dropped to 6% for the next 12 years. Guaranteed. My February '93 bond is still earning a 6% yield, prior to that date, the bonds purchased have dropped to a 5.92% yield. In other words, the February '93 bond was purchased at $250 and has earned $258.20 in interest in just 12 years and will not mature until 2023. There isn't much else that will match this return.

As I feel my way through the on-line treasury process, I'll keep in touch. But in the meantime, if anyone else has bonds, go to http://www.publicdebt.treas.gov/sav/savwizar.htm
and use the wizard to calculate their worth. I am still in shock.
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