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<p>[QUOTE="Cloudsweeper99, post: 899890, member: 3011"]You do realize that E bonds are no longer sold. So it is incorrect for you to suggest that someone can buy what is no longer sold, or earn a rate of interest on savings bonds that is no longer available. I just think your post was wrong and misleading to someone asking for investment advice.</p><p><br /></p><p>Edit: I also found the attached info on E bonds. They never doubled in 10 years. They were issued at 75% of face value and matured in 10 years. They were discontinued after 1980.</p><p><br /></p><p>"Interest Rules</p><p>Series E Savings Bonds are accrual bonds that were issued at 75 percent of the face amount. Interest is paid at redemption as part of the current redemption value.</p><p><br /></p><p>Active, unredeemed Series E bonds accrue interest at a market-based yield or the applicable guaranteed minimum investment yield, whichever is greater.</p><p><br /></p><p>A guaranteed minimum investment yield in effect at the start of an original or extended maturity period is guaranteed to the end of that original or extended maturity period.</p><p><br /></p><p>The guaranteed minimum investment yield for Series E bonds is 4 percent, compounded semiannually, beginning with extended maturity periods starting on or after March 1, 1993, unless the guaranteed minimum is changed prior to the beginning of an extended maturity period.</p><p><br /></p><p>Maturity Rules and Periods</p><p>Originally issued for a fixed term of 10 years, E bonds were granted interest extensions that brought their interest-bearing lives to 30 or 40 years, dependent upon the issue date of the bond.</p><p><br /></p><p>Some Series E bonds continue to earn interest today, although the last E bonds will stop earning interest in 2010."[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 899890, member: 3011"]You do realize that E bonds are no longer sold. So it is incorrect for you to suggest that someone can buy what is no longer sold, or earn a rate of interest on savings bonds that is no longer available. I just think your post was wrong and misleading to someone asking for investment advice. Edit: I also found the attached info on E bonds. They never doubled in 10 years. They were issued at 75% of face value and matured in 10 years. They were discontinued after 1980. "Interest Rules Series E Savings Bonds are accrual bonds that were issued at 75 percent of the face amount. Interest is paid at redemption as part of the current redemption value. Active, unredeemed Series E bonds accrue interest at a market-based yield or the applicable guaranteed minimum investment yield, whichever is greater. A guaranteed minimum investment yield in effect at the start of an original or extended maturity period is guaranteed to the end of that original or extended maturity period. The guaranteed minimum investment yield for Series E bonds is 4 percent, compounded semiannually, beginning with extended maturity periods starting on or after March 1, 1993, unless the guaranteed minimum is changed prior to the beginning of an extended maturity period. Maturity Rules and Periods Originally issued for a fixed term of 10 years, E bonds were granted interest extensions that brought their interest-bearing lives to 30 or 40 years, dependent upon the issue date of the bond. Some Series E bonds continue to earn interest today, although the last E bonds will stop earning interest in 2010."[/QUOTE]
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