I own 52 EE US Savings Bonds. They earn mostly 1.42% interest. I earn a total of about $4.00 per month on these savings bonds. I am trying to decide if it is worth it to keep them. I could just cash them in and put the money in my ING ( Capital One) savings account and earn .75%. The difference is about $20.00 a year. Not much difference and I would have one less account to keep track of.....not that it is really much trouble! LOL
What would you do?
Does anyone still have savings bonds?
October 14th, 2014 at 12:18 am
October 14th, 2014 at 02:13 am 1413252799
October 14th, 2014 at 02:14 am 1413252840
October 14th, 2014 at 10:57 am 1413284274
I have some that were purchased after May 2005 (in fact, I just purchased some more) that I plan to keep for 20 years. Of course, I have the option of cashing them in earlier if interest rates really take off.
In your shoes (since you have no debt and the alternative is a lower-interest savings account), I'd probably keep them, especially if they were purchased May 2005 or later.
Also keep in mind that there may be tax advantages if you use them to pay for college expenses.
October 14th, 2014 at 11:01 am 1413284500