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This meant higher interest rates on credit cards, mortgages and auto loans, but also higher returns on certain investments, such as U.S. government bonds and high-yield savings accounts.
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]
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 ...
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 ...
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.
Savings rates and high-interest accounts in the news. ... bonds or mutual funds that can potentially earn higher returns. ... Consumer Price Index Summary, U.S. Bureau of Labor and Statistics ...
The national average interest rate for savings accounts is 0.06 percent, according to Bankrate’s most recent weekly survey of institutions. Money market account rates are averaging 0.08% and CDs ...
These bonds carry a fixed rate of 1.3% that will remain for the 30-year life of the bond. I Bonds are bought online at www.treasurydirect.gov with a minimum savings of $25.
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