US Savings Bonds...

[Jon99]

Certainly not pretty, but the current I Series are getting 6.73%.. I bought $200 yesterday for our childrens education, anyone else buying these?

 

[Free4Life11]

How long do you have to hold on to them to get your interest?? I had one that I cashed after a year and got about a $1 in interest. But I got it for free and I needed the money so no biggie.

 

[Jon99]

These will be held for at least 16 years so I didn't pay much attention, but if I recall, if you cash them in before 5 years, you lose 3 months of interest.. Plus, you can't touch them for 12 months..

 

[Free4Life11]

Hmm if I had the money I'd buy some, sounds like a nice deal.

 

[DawnCt1]

I have some that I inherited in 1996. The "shadow tax" was paid on them at the time but when I cash them in, I have to pay at a "regular income rate" from that date going forward, or ten years. I have some that aren't earning any interest and I have been waiting for a "good year" to turn those in. This might be a good year. DH is going to Iraq and that income won't be taxed. Usually they stop earning after 30 or 40 years, depending.

 

[Kimberle]

I have been buying them for Brittany with the money she's gotten for Christmas, birthdays, etc. She can use them for education or for setting up her first "place".

 

[jenks0718]

I have been buying bonds for my kids since birth. The company I work for has a savings bond program where they take a certain amount out of your pay and they purchased the bonds for you. We receive them in the mail about every 6 weeks or so

 

[Jon99]

We have a 529 set up for our DD2, and will for our son as soon as he is born in a few weeks ,but thought this would be a good way to add a little extra...

 

[Rhonda922]

I have been buying bonds for my kids since birth. The company I work for has a savings bond program where they take a certain amount out of your pay and they purchased the bonds for you. We receive them in the mail about every 6 weeks or so

Sounds like you work at the same place that I do because I'm doing the exact same thing.