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    andyhaus1057's Avatar
    andyhaus1057 Posts: 98, Reputation: 1
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    #1

    Jul 30, 2008, 03:22 PM
    US Savings Bond
    If I bought a $500 US Savings bond for 1 year, how much money would I make?
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    NowWhat Posts: 1,634, Reputation: 264
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    #2

    Jul 30, 2008, 03:27 PM
    What type of bond is it? There are I Bonds and EE bonds, etc.
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    andyhaus1057 Posts: 98, Reputation: 1
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    #3

    Jul 30, 2008, 03:38 PM
    Well which one would be better? Lets say I Bond.
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    #4

    Jul 30, 2008, 05:50 PM
    A $500 I bond, purchased one year ago would now be worth $515.00
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    andyhaus1057 Posts: 98, Reputation: 1
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    #5

    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?
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    NowWhat Posts: 1,634, Reputation: 264
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    #6

    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.
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