Finding the Interest Rate for a US Savings Bond is a little bit like singing the alphabet song as they have been issued in alphabetical progression since 1935. So the amount of interest earned depends on whether you are in possession of an A, B, C, D, E, EE, F, G, H, HH, I, J or K savings bonds and when they are cashed in.
The Interest Rate for a US Savings Bond vary based on when the bonds were purchased, when they are cashed in, and when they fully mature. The purpose of Savings Bonds is to loan the US government money when they are in a cash crunch. Taxpayers loan the government money in the form of purchasing a bond and in return the federal reserves guarantee a return on investment, as well as the principal not being diminished.
The best way to locate the Interest Rate for a US Savings Bond is to visit a trusted website, such as the Treasury Direct website managed by the US government. The most recently released interest rates are for the Series I Savings Bonds and Series EE. When purchased between November 2008 through April 2009, Series I Savings Bonds to Earn 5.64%, Series EE to Earn 1.30% fixed rate.
The recent announcement from the Treasury Department is good news for those who have invested in this old but economically sound investment. Currently there are approximately 45 million Americans with their money invested and reaping the rewards of a US Savings Bond. The I bond rate has been increased by .8% from the previous six months to 5.64%. Although EE bond rate dropped to 1.30% it is a modest .1% decrease.
For those searching for a safe investment strategy for their money the Interest Rate for a US Savings Bond is a safe way to earn a return on your investment.