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In 2002, the Treasury Department started changing the savings bond program by lowering interest rates and closing its marketing offices. [2] As of January 1, 2012, financial institutions no longer sell paper savings bonds. [3]
Gone are the days of series I savings bonds paying almost 7% in interest. The U.S. Treasury announced Friday that the inflation-protected bonds would start paying investors 4.3% on May 1, down ...
A U.S. savings bond is a low-risk way to save money, which is issued by the Treasury and backed by the U.S. government. Savings bonds pay interest only when they're redeemed by the owner, and they ...
In 2002, the Treasury Department started changing the savings bond program by lowering interest rates and closing its marketing offices. [23] As of January 1, 2012, financial institutions no longer sell paper savings bonds. [24] Savings bonds are currently offered in two forms, Series EE and Series I bonds.
Though savings bonds have a low rate of return, ... you can usually expect to earn more in interest with a Series EE savings bond than with a ... Paper savings bonds. The U.S. Treasury stopped ...
The rate on the popular inflation-protected I bonds — one of the safest investments you can buy — slipped to 6.89% through April 2023 from 9.62, according to the Treasury Department.
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