Re: "Stopped Earning Interest"
driven
3/26/2012 11:01:42 AM
Savings Bonds were the patriotic thing to buy once. Now they're just an option of last resort if you need to send a gift card, and there are no Olive Gardens or Targets stores in the local area.
Re: "Stopped Earning Interest"
Tenacious
3/26/2012 10:55:42 AM
I don't know anyone under 60 who actually buys Savings bonds. I have one, I think, from a promotion I received for test driving a car.
Re: "Stopped Earning Interest"
Drivewaygirl
3/26/2012 10:52:24 AM
"Just as good as Chia pets." Ha! good one.
Re: "Stopped Earning Interest"
cat tail
3/26/2012 10:27:31 AM
Sigh. 4.5% is "sweet." sort of sad, isn't it?
Oh sure if you got them a while agao it's great but I'm just saying how twist is ZIRP? (zero interest rate policy).
I bought some treasury notes 2004 maturing in 2014 that are paying 4.5%. I remember when I bought them thinking the interest rate might have been a bit low. Now every time I look at them I kick themselves wishing I had loaded up because 4.5% in treasuries is really sweet!
Re: Dan Pederson
Dex
3/26/2012 10:23:35 AM
Thanks, @Noreen. Yep, they do try to make it seem "fun!"
Well, how long bonds earn interest based on issue date. Some of these bonds actually paid decent rates because they were issued a long time ago, but stopped paying at maturity. I wouldn't suggest buying one now, but some people still like them for gifts. And I guess they are just as good as Chia pets, inflation or not.
Series
|
Issue Date
|
Number Of Years
Bonds Earn Interest
|
E
|
May 1941- November 1965
|
40 years
|
December 1965 - June 1980
|
30 years
|
EE
|
All issues
|
30 years
|
H
|
June 1952- January 1957
|
29 years, 8 months
|
February 1957- December 1979
|
30 years
|
HH
|
All issues
|
20 years
|
I
|
All issues
|
30 years
|
Re: "Stopped Earning Interest"
tokyogai
3/26/2012 10:21:36 AM
I agree, except that with T-Bond interest so low, it is almost like getting zero anyway. And you are still losing to 3% inflation.
The first place to start -- and they make it sound like so much fun -- is the Treasury Department website: http://www.treasuryhunt.gov/.
You enter your Social Security number, and if you have a bond in the Treasury Hunt database, you'd receive an email alert.
But the email does not tell how many bonds you're missing or what they're worth. You're just prompted to submit contact information.
The Bureau of Public Debt noted that a little more than 1 percent of the 3 million searches conducted online this year resulted in people sending back contact information.
Re: Dan Pederson
Dex
3/26/2012 10:10:47 AM
What do you do if you lost your savings bonds?
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