Better alternative to Savings Bonds (EE)?

Discussion in 'Teacher Time Out' started by 773 Miles Away, Dec 29, 2008.

  1. 773 Miles Away

    773 Miles Away Comrade

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    Dec 29, 2008

    Apparently I am more clueless about savings bonds than I thought.... I thought they matured in about 6 years... apparently its 20? So if I purchaed a $50 bond (costs me $25 today)... it will become $50 in 20 years?

    To me that doesnt seem worth it...

    The goal was to buy savings bonds for my neice for years and years to come so that by the time she is done with college or something far off like that... she will have a decent amount of money in her pocket... maybe for a down payment on a house or something.

    Is there an alternative? Something that earns well... and something that is safe (especially considering the economic times we are in).
     
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  3. newbie1234

    newbie1234 Companion

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    Dec 30, 2008

    When it comes to investments, risk correlates with returns. The higher the risk, the higher the returns.
     
  4. boogaboo214

    boogaboo214 Companion

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    Dec 30, 2008

    Cd's are good they cost a little more in the beginning usually like 1000 to start and they turn over a certain percent in a set time usually 6mos to 5 yrs you can usually choose. but the time effects the interest rate.
    Check out this site for more info it has been good for me in the past


    http://www.bankrate.com/gookeyword/rate/deposits_home.asp
     

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