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savings bond

which are the best? and how do they work? Thank you so much,,,I went to website,,so confusing...

Answer Question

Asked by Anonymous at 5:26 PM on May. 10, 2009 in Money & Work

Answers (2)
  • If you are looking for a good rate of return, you will probably be better off with a money market account.

    Answer by rkoloms at 5:30 PM on May. 10, 2009

  • You buy a seriesEE Bond at half of face value and it takes 7 years to get to face value. To me, they are a waste of money. Like the other poster said, go with a money market account or even a CD and just keep rolling the CD over. With a saving bond, you have to keep the bond in a safe place until it is to be cashed in. If you lose it, you may not be able to get it replaced.

    Answer by tyfry7496 at 9:21 PM on May. 10, 2009

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