Savings bonds after graduation

BCEagle91
Tue, 12 Jun 2012 13:43:02 +0000

We bought $10K face value of these from 1990 to 1992 and they mature 2020-2022. They are earning a 5% yield so we have no plans to cash them out until they mature - where else can you get a Treasury-guaranteed 5%? The interest income would be state tax exempt. There are income limits on taking the interest tax-free and they wouldn’t have applied to us even back then. I don’t know if the amounts were indexed or not but I’m guessing that we can’t take advantage there.