Which savings bond is better

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Let us know what questions you still have about this topic or any others. Thanks for your feedback! Table of Contents Close On this page. Market-based rates are updated each May 1 and November 1.

Please visit www. Series EE bonds issued from January through November are no longer earning interest. Series EE bonds issued from December through April will stop earning interest during the next six months. Owners of paper savings bonds can continue to redeem them at some financial institutions. Series I paper savings bonds remain available for purchase using part or all of a federal income tax refund.

For more information on this feature, visit www. The Savings Bond Calculator tool, which is helpful for calculating redemption values, also can be found on the site. Department of the Treasury, Bureau of the Fiscal Service. CDs are a savings vehicle issued by a bank or credit union and tend to generate higher yields.

The span of maturity for a CD can last anywhere from 10 days to 10 years, and rates vary from bank to bank.

When debating whether to invest in savings bonds or CDs, the answer greatly depends on your risk tolerance and need for cash. Harmon said Treasury savings bonds are not paying as much interest right now, so buying CDs would get you a slightly higher return.

Savings bonds are a safe way to invest during uncertain times. The Marijuana Industry Is Booming. Mortgages Rates Dropped to 3. I would like to subscribe to the NextAdvisor newsletter. See privacy policy. Before you go, sign up for our newsletter to get NextAdvisor in your inbox. Next Advisor Logo.

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For more information, see How We Make Money. Savings Bonds Series. How Do Savings Bonds Work? Everything to Know About Savings Bonds in 5 min read. Currently Reading. Next 5 min read.

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