Originally Posted by Nancy S.
Hey Janice4, We use to do bonds also until our oldest grandson found out that you have to wait 30 years before cashing. He needs them now and they still aren't mature. So now we just have savings accounts for them.
unfortunately with bank interest rates being so LOW it is hard to make money that way.. with the EE bonds.. you Know in 20 years you make the value..( double what you paid) you also make interest monthly not like some bonds that is every 6 months. She doesn't need it now anyways. I bonds have flutuating rates and will pay for up to 30 years.. .2% ::( .such a low rate you make very little and EE you know you wil double;). it today's economy a cd sucks too... interest rates are horrible there , the stock market is also a very huge up and down risk.. so it is a nice way to put money aside for her.. you can cash them in with no penalty after 5 years if you want.