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To: Chris who wrote (13574)8/2/2001 12:19:49 PM
From: horsegirl48  Respond to of 52237
 
what r the i bonds paying today, just had a cd due, paying 7.50% :0(, last time I looked they were paying in the 7"s



To: Chris who wrote (13574)8/2/2001 12:20:50 PM
From: dennis michael patterson  Respond to of 52237
 
thanks!



To: Chris who wrote (13574)8/2/2001 1:29:25 PM
From: Chris  Respond to of 52237
 
5.92

to calculate equivalent after-tax rate:

5.92/(1-tax)

with tax advantages:
and no commissions

<<SNIP>>

Tax Advantages of I Bonds


Earnings are exempt from both state and local income taxes.

Federal taxes can be deferred until redemption, final maturity (30 years after issue date), or other taxable disposition, whichever occurs first. (Tax deferral applies to both components of the earnings rate--fixed rate earnings and semiannual inflation rate earnings.)

Special tax benefits are available to qualified owners of I Bonds under the Education Savings Bond Program; however, continued tax deferral through an exchange for Series HH bonds isn't available.