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Article: Savings bonds still beat bank accounts
- Article from:
- Sunday News Lancaster, PA
- Article date:
- January 25, 2004
- Author:
CopyrightCopyright 2004 Sunday News Lancaster, PA. Provided by ProQuest LLC. (Hide copyright information)
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Instead of just frittering and fussing over the lousy, low rates
that banks are paying you on savings, you might compare what Uncle
Sam will pay you on savings bonds.
Im talking about those patriotic investments that have been around
forever, and which some folks used to laugh at when banks were
offering feisty 5 and 6 percent yields on their CDs and money market
accounts.
Fact is, savings bonds today offer higher rates than the average
short-term CD and MMA. Granted, bond rates took a bath when the
Treasury Department last changed rates in November, but right now
they still top the banks numbers. Sadly, lots of folks dont
understand how savings bonds work, which types there are, the ...