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Article: Series I Bonds Proving Popular
- Article from:
- AP Online
- Article date:
- July 12, 2000
- Author:
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Copyright informationThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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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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