How does a in your favour bond works, how do i capture one, what's the return?
Answers:
Check out the US Government site for more information
the current rate is 3.4% (through October 2007)
You can purchase the bonds through treasury direct (see the website below)
Key Facts:
Buying Electronic EE Bonds
Sold at frontage efficacy; i.e., you earnings $50 for a $50 bond and it's worth its full pro when it's available for redemption.
Purchase within amounts of $25 or more, to the penny.
$30,000 maximum purchase contained by one calendar year.
Issued electronically to your designated justification.
Buying Paper EE Bonds
Sold at partly their obverse worth; i.e., you clear $25 for a $50 bond but it's not worth its facade merit until it have matured.
Purchase within denominations of $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000.
$30,000 maximum purchase in one calendar year.
Issued as treatise bond certificate.
If you redeem EE/E Bonds surrounded by the first 5 years, you'll forfeit the 3 most-recent months' interest. If you redeem them after 5 years, you won't be penalize.
NOTE: Paper EE Bonds are still available for purchase through most local financial institutions or participating employer' payroll presumption plans.
I hope this help.
here is the rudimentary info
http://financialplan.nearly.com/cs/invest...
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