Ask Experts Questions for FREE Help !
Ask
    fox2010's Avatar
    fox2010 Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Jul 27, 2010, 06:35 PM
    U S Saving bonds
    Do the rate of the bonds change every 6 mo.
    Or will it remain at the rate you purchase them ?

    Thank you for your help
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Jul 28, 2010, 11:25 AM

    Series EE bonds purchased prior to May 2005 have their interest rate reset every 6 months. EE bonds bought on or after May 1, 2005 have a set interest rate that doesn't change after purchase. Series I Bonds have an interest rate that is a combination of a fixed rate (set at time of purchase) and a variable rate (based on the inflation rate) - that variable portion is reset every 6 months.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Convertible bonds and bonds with detachable warrants [ 1 Answers ]

My question is when convertible bonds and bonds with detachable warrants are sold how much equity, if any should be recorded. Cite relevant GAAP

Journal entires for bonds and computing interest on bonds [ 3 Answers ]

Journal entires for bonds and computing interest on bonds -------------------------------------------------------------------------------- I am having a difficult time understanding bonds. Here is a question that stumps me: Record the sale of $4 million of 10 year, 6% corporate bonds...

Selling Price of Bonds.For the record, I HATE BONDS [ 3 Answers ]

General Toys, Inc. sold five year bonds having a face value of $100,000 and a coupon rate of 7% when the market rate was 9%. The present value of $1 at 9% for five periods is $0.6499. The present value of a $1 annuity for 5 periods at 9% is $3.8897. At what price did these bonds sell? I came up...

Journal entires for bonds and computing interest on bonds [ 2 Answers ]

I am having a difficult time understanding bonds. Here is a question that stumps me: Record the sale of $4 million of 10 year, 6% corporate bonds priced at 104 plus two months accrued interest. If interest payments are semiannual, and the interest expense account was debited for $53,600 when...

View more questions Search