U.S. Savings Bonds
U.S. savings bonds are currently sold in two forms: EE bonds and I bonds. The U.S. Treasury Department issues them and markets them as a patriotic and profitable investment for the so-called “little guy.” Not surprisingly, they’re the most widely held security in the world. The paper version of the series EE savings bond is named the Patriot Bond.
Simple Investments with a Few Complexities
Although U.S. savings bonds have the reputation of being simple and straightforward, nothing could be further from the truth. Therefore, we start this chapter with the following warning: The structure of savings bonds is not only complex but has substantially changed many times over the years. For example, the calculation of the ...