Article: Series I Bonds Proving Popular

EILEEN ALT POWELL, AP Business Writer
AP Online
07-12-2000
Series I Bonds Proving Popular

NEW YORK (AP) -- Buying U.S. savings bonds has for years been a safe and easy way for Americans to put money aside for their kids' education, their retirement or family emergencies.

Savings bonds are available in denominations as small as $50 and are fully guaranteed by the federal government. In addition, buyers can defer paying taxes on their earnings until the bonds are redeemed or they mature.

Now there's a new savings bond, the Series I Bond, which has exploded in popularity since its introduction in the fall of 1998. The ``I'' stands for ``inflation-indexed,'' and the earnings rate on the ...

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