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Article: Savings bonds still shine
- Article from:
- Chicago Sun-Times
- Article date:
- June 30, 1996
- Author:
CopyrightCopyright 1996 Chicago Sun-Times. (Hide copyright information)
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President Franklin D. Roosevelt bought the first Series E U.S.
Savings Bond on May 1, 1941. Today, 55 million Americans hold more
than $185 billion worth of savings bonds.
When savings bonds were introduced, they were pitched as a
patriotic way to help the World War II effort. Today, they're seen
as a sound financial investment with useful tax advantages.
Savings bond features have changed over the years. They now
provide regular adjustments in interest rates to meet market
conditions. And there are advantages to using savings bonds to save
for a college education.
But one thing about savings bonds hasn't changed much: the goal
of introducing the savings ethic to schoolchildren ...