EE Savings Bonds Safe?Submitted by Susan on Tue, 07/08/2008 - 07:13
I was wondering if EE Savings Bonds are still a safe place for cash. The older ones (1980's) pay about 4%. The new ones only 1.4% However there seems to be something called an (I bond) which says it's at 4.84%
Banks/CD's may not be the best choice for cash at the present time and there have been numerous posts regarding trouble. Picking up some gold and silver is a good idea of course and might possibly offset some of the rapid dollar devaluation/inflation theft. However, I was looking for some secure cash-like alternatives. I hold a few of the older EE Bonds. There are certainly banks that won't survive this but the Gov't and it's debt will.