US Savings Bonds Series I - New Rates Posted

Effective May 1, 2017 the US Treasury published new rates for US Savings Bonds, both EE and I

New rate effective till October 31, 2017 is 1.96 % for Series I and 0.10 % for EE

I would ignore EE as that rate is locked in for 30 years; better choice is the series I Bonds as it adjusts every six months.

You must hold the bonds at least one year before you redeemed them and if less than 5 years you will lose the last quarter of interest earned.

Still it is a better yield than what money market funds and bank CD's pay.

For more information go to TreasuryDirect website.

Daniel Iuculano, AAMS CMFC

Accredited Asset Management Specialist

Chartered Mutual Fund Counselor