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Pastimes : Credit Card Deals
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To: accountclosed who started this subject1/18/2003 7:41:34 PM
From: bob wallace  Read Replies (1) of 253
 
With the recent increase in the holding period on US Savings bonds to 12 months from 6 months, one of the biggest loopholes for small savers has been closed. It was possible under the old rules to make about 7.2% a year using a rebate credit card to flip savings bonds every six months. This worked out to about 8.9% taxable return for someone in the 27% bracket.
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