U.S. Savings Bonds

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#10

From: David Claus
Date: Thu, 10 May 1984 18:39

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I have a question about how intersest is computed on the EE Series
US savings bonds that are available through payroll deduction.

After you hold the bond over 5 years and then decide to cash it,
do you receive 85% of the treasury rate for every year you have held
the bond or do you receive 5.5%, 6.0%, 6.5%, 7.0%, and 7.5% for
years 1 through 5 and then 85% of the treasury rate for every year
after the fifth.

This can make a big difference in the final value of the bond,
and I haven't been able to figure which is correct.
Does anyone know for sure?

Thanks,

Dave Claus
AT&T Consumer Products/Indy

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Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1 6/24/83; site inuxd.UUCP
Path: arc1-ca.pugleaf.net!utzoo!watmath!clyde!burl!ulysses!mhuxl!ihnp4!inuxc!inuxd!claus
From: claus@inuxd.UUCP (David Claus)
Newsgroups: att.general,net.invest
Subject: U.S. Savings Bonds
Message-ID: <534@inuxd.UUCP>
Date: Thu, 10-May-84 14:39:09 EDT
Article-I.D.: inuxd.534
Posted: Thu May 10 14:39:09 1984
Date-Received: Sat, 12-May-84 08:51:45 EDT
Organization: AT&T Consumer Products Div., Indianapolis
Lines: 19