ST Alpha - "There are two different kinds, series EE pays you a fixed rate and is guaranteed to double after 20 years but stops accruing interest after 30. Series I pays you a variable rate -- (edited)" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 157

In response to "I've never bothered with bonds. They are for 30 years? -- nm" by ty97

There are two different kinds, series EE pays you a fixed rate and is guaranteed to double after 20 years but stops accruing interest after 30. Series I pays you a variable rate -- (edited)

Posted by znufrii Nov 1 '24, 05:42

Calculated based on the six-month inflation rate plus a fixed rate element that changes every six months. You can redeem after one year, but for series I bonds there is a penalty of three months interest if you redeem before five years.

Responses:

oh so they aren't really for 30 years (or aren't required to be at least) -- nm - ty97 Nov 1, 05:44 4
- Correct. - znufrii Nov 1, 05:49 3
  - That $20 savings bond you got from Pop-Pop is set to mature any day now! -- nm - Bayronmax Nov 1, 05:52 2
    - Thanks, Pop-Pop! -- nm - znufrii Nov 1, 05:59 1
      - Off you go to spend it on penny whistles and moon pies! -- nm - Ghost of Pop-Pop Nov 1, 06:07

Post a message top

There are two different kinds, series EE pays you a fixed rate and is guaranteed to double after 20 years but stops accruing interest after 30. Series I pays you a variable rate -- (edited)

Replies are disabled on threads older than 7 days.