Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [savings-bonds]

32 questions
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Are U.S. I Bonds good for extra savings?

I recently ran across an article about where to park extra cash that mentioned US I Bonds. I had never heard of them before. How do they work? Limitations or rules? Really tax free? I've had EE US savings bonds from my grandparents (seems to…
Jay
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I Bond Rates and Terms

Looking at I Bonds. Can someone clarify this hypothetical situation for me? I buy a 100 I Bond today. It earns current yield of 4.6% for the next 6 months. I never reap any "fixed" rate regardless of how long I hold it because it's currently at…
Brian
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estimated IRS tax payments

We sold some U.S. government Savings bonds in June of 2018 that had a gain in interest of double our yearly income. A one time sale. Now, I'm thinking that I will owe quite a bit in taxes and I'm concerned about how to avoid any penalties. I don't…
piton
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NS&I fixed-rate bond - is the current 1-year strictly worse than the 3-year bond?

https://www.nsandi.com/guaranteed-growth-bonds as of 2017-12-29: 1 year: 1.5% AER. 3 year: 2.2% AER. https://www.nsandi.com/files/published_files/asset/pdf/guaranteed-growth-bonds-brochure-print-friendly.pdf (same date): 63. The amount due when a…
sourcejedi
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What is the interest rate on my US Savings Bonds?

I have received US Savings Bonds as gifts throughout my life from my birth, to birthdays, to high school graduation. My understanding is that some EE Series US Savings Bonds have a fixed interest rate and others have a variable interest rate…
Daniel
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Looking into investment bonds for the first time- what do I need to be aware of?

I have an ISA that has matured recently, and am now looking to reinvest that balance elsewhere. Given that most of the ways I usually save (current/ savings accounts, regular savers, ISAs, etc) aren't really offering great interest rates at the…
Noble-Surfer
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I Savings Bond Rate Question

With the I Savings Bonds rate at 7.12%, I'm thinking about buying some. From my understanding: You have to hold them for at least one year If you cash them out before 5 years, you lose the previous three months of interest. My question is, if you…
Dev
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Age requirements for rolling savings bonds into 529 plans

It's my understanding that one can avoid paying taxes on savings bond interest if the money from the bond is put into a 529 college savings plan. My question is about the apparent requirement that the bond owner be at least 24 when the bond was…
Nick Matteo
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Tax Benefits for 529 Plan and Treasury Savings Bonds?

So here is my question (for tax year 2011): If I open and fund 529 College Savings Plan, do I get federal and state (Utah) tax deduction for my contributions? If I get a Treasury Savings Bond (Series EE/I), do I get federal and state (Utah) tax…
Jash Sayani
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What are the chances of receiving interest when purchasing NS&I Premium Bonds in the UK?

I am considering buying 100 NS&I premium bonds, in the UK. Each $1 bond is automatically entered into a draw with a 1 in 30000 chance to win back what is effectively an interest payment*. My questions are: A) What is my chance to win with 100…
robin jones
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money owed on transferred savings bonds

In May 1995 my grandfather purchased $11k in EE savings bonds. He died on July 20, 2008. My father transferred the bonds to himself and then from him to me in February 2015 (well, the papers were signed in Feb 2015; the actual transfer took place in…
neubert
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How can I prove my ownership of government savings bonds?

I am in the process of moving to California from out of state, looking for an apartment to rent. I am currently unemployed and have no monthly income, but I have a decent amount of money in the bank and a substantial amount of money in mature EE…
Ken
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should i cash some twenty year old EE savings bonds?

I have, let's say, $20,000 in series EE savings bonds, issued in 1995. As I understand it they were purchased for half their face value ($10,000) and have now matured to their full value since it's been twenty years after their issue. They'll…
neubert
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TreasuryDirect - workaround for requiring certified forms to change bank account info

TreasuryDirect makes it a real pain to change bank account information. They require a signed form, certified at a bank. This is impossible if you do all your banking online, and it seems ridiculous for the small amounts of money I'm dealing…
wrschneider
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How to determine the final value of a U.S. Savings Bond at maturity?

Is it possible to determine the "final" value of a U.S. Savings Bond on its maturity date? The interest rate is fixed, the compounding periods are known (semi-annually for EE bonds), and the term is known as well (usually 30 years). It seems like…
Yuck
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