Interest Rates on Series EE and I Savings Bonds Increased in May, Announces SavingsBonds.com
Spring Lake Heights, New Jersey (PRWEB) May 14, 2014 -- Interest rates on Series EE and I U.S. Savings Bonds have increased. Effective May 1, 2014 through October 31, 2014, the interest rate for new purchases of Series EE Savings Bonds is 0.50%. This represents an increase of 0.40% from the last six-month interest rate cycle (November 1, 2013 - April 30, 2014). The combined fixed and variable rate for new Series I Savings Bonds purchases during the same period is now at 1.94%, an increase of 0.56% (despite a 0.10% drop in the fixed portion of the I bond).
Interest rates for Savings Bonds are announced every May and November. Investors should keep in mind that these newly announced rates are not the interest rates that will be earned by older savings bonds. The good news is that the new higher interest rates will be blended with prior interest rates on many older bonds, which will likely improve the overall interest rate performance on those bonds. The date a bond was purchased, along with the series (example E, EE or I) will determine the rules and regulations applicable to that bond, as well as the interest rate(s) the bond will earn over its lifetime.
Consumers often purchase savings bonds for the investment's safety and security features. Purchasers of Savings Bonds likely own other, or are interested in similar types of investments, including Certificates of Deposits (CD’s). As a result, SavingsBonds.com has added a web page that allows consumers to view current savings bond interest rates along with various bank CD rates. Bond owners can also view the interest rates being earned on each (older) bond, along with a total interest average of the entire savings bond portfolio via a complimentary bond calculator and printable SavingsBonds.com Bond Inventory Report.
“A lot of people ask me if savings bonds perform better than CD’s?” says Jack Quinn, Founder of SavingsBonds.com. “We now provide a complimentary service that will indicate a variety of banks current CD rates as well as current savings bond interest rates, all on one web page that allows for a quick comparison.”
The recent increase in savings bond interest rates is encouraging and hopefully existing bond owners as well as new investors will take a second look at the iconic American investment. By providing a comparison of savings bonds and CD’s, SavingsBonds.com hopes to simplify and educate investors so they can easily determine their best financial options.
About SavingsBonds.com:
SavingsBonds.com is the #1 non-governmental site valuing over $1.1 billion in savings bonds. Complimentary calculator offers personalized, unique color-coded, Savings Bond Inventory Report© featuring “what this means to you,” helps bond owners avoid losing money and maximize their investment. Extensive, consumer-friendly information center, helpful videos, newsletters, current series bond rates, purchase bonds link, online and popular government forms available.
About SavingsBonds.com VIP Membership:
SavingsBonds.com VIP Members have 4 services not offered elsewhere. 1. Bond Inventory Report© available/updated 24/7 indicates current bond values, interest rates, timing, taxation and maturity issues, displayed on an easy to understand, color-coded, personalized, bond-by-bond statement. 2. Bi-monthly Alerts! © Emailed summary statements specific to Members' bond inventory, provides inventory totals, interest rates/earnings, helpful strategies regarding current and upcoming financial events, including maturity and taxation issues. 3. Cash In Report© ranks bonds in performance order. Eliminates guesswork on which bonds to cash in first. 4. Daily (Video) Bond Tips. The ultimate savings bond Membership offering superior bond management helps investors avoid forfeiture of interest, double taxation and potential IRS tax situations.
Jackie Brahney, SavingsBonds.com, http://www.savingsbonds.com, +1 (732) 887-8941, [email protected]
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