The difference between I and EE savings bonds in lamens terms?
by admin ~ October 24th, 2008 . Filed under: Personal Finance .
TAY B asked:
I’ve been to treasury direct, and other resources. I don’t fully understand what they’re saying. Can anyone break it down for me in common-folk terms the difference between the two and which one is “better?” Thanx Yahoo!!!
Jacqulyn Justen
I’ve been to treasury direct, and other resources. I don’t fully understand what they’re saying. Can anyone break it down for me in common-folk terms the difference between the two and which one is “better?” Thanx Yahoo!!!
Jacqulyn Justen
October 25th, 2008 at 2:08 am
EE = fixed-rate savings bonds.
I = inflation-protected bonds. When inflation goes up, the bond’s interest rate goes up.
If inflation stays low, the EE bonds pay higher rates.
October 25th, 2008 at 6:50 am
Jeff is correct for the part of the question he answered. A savings account is better than either. The return on savings bonds STINKS.