Article View: att.general
Article #11Re: U.S. Savings Bonds
From: Don Stanwyck
Date: Thu, 17 May 1984 04:22
Date: Thu, 17 May 1984 04:22
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The interest on the savings bonds are accumulated at the 85% of treasury bond rates from the beginning. What happens, in effect, is that you pay an interest penalty for cashing them in less than 5 years + 1 day. That penalty is that the interest on the bond is recalculated to a straight per annum rate determined by the length of time that you held the bond. Once you reach the 5 year + 1 day point, interest is paid as though it had always received the 85% rate. -- ________ ( ) Don Stanwyck @( o o )@ 312-979-3062 ( || ) Cornet-367-3062 ( \__/ ) ihnp4!ihuxr!stanwyck (______) Bell Labs @ Naperville, IL
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Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 exptools 1/6/84; site ihuxr.UUCP Path: arc1-ca.pugleaf.net!utzoo!watmath!clyde!burl!ulysses!mhuxl!ihnp4!ihuxr!stanwyck From: stanwyck@ihuxr.UUCP (Don Stanwyck) Newsgroups: att.general,net.invest Subject: Re: U.S. Savings Bonds Message-ID: <1077@ihuxr.UUCP> Date: Thu, 17-May-84 00:22:03 EDT Article-I.D.: ihuxr.1077 Posted: Thu May 17 00:22:03 1984 Date-Received: Sat, 12-May-84 12:45:43 EDT References: <534@inuxd.UUCP> Organization: AT&T Bell Labs, Naperville, IL Lines: 15