View Full Version : US Savings Bond
andyhaus1057
Jul 30, 2008, 03:22 PM
If I bought a $500 US Savings bond for 1 year, how much money would I make?
NowWhat
Jul 30, 2008, 03:27 PM
What type of bond is it? There are I Bonds and EE bonds, etc.
andyhaus1057
Jul 30, 2008, 03:38 PM
Well which one would be better? Lets say I Bond.
NowWhat
Jul 30, 2008, 05:50 PM
A $500 I bond, purchased one year ago would now be worth $515.00
andyhaus1057
Jul 30, 2008, 09:15 PM
So I would only make $15? Is it possible for me to get a 1 year CD for $500 and make more?
NowWhat
Jul 31, 2008, 06:08 AM
I am not sure. CD rates are pretty low right now. That figure I gave you was with 6.17% interest. I don't think you could get that on a CD.
When you purchased your bond - were you under the impression it would mature in one year?
An I Bond matures in 30 years. An EE Bond matures in 20 years.