Home Main Category Second Amendment/Politics

The paper US saving bond... A thing of the past?

robert38-55robert38-55 Senior MemberPosts: 3,621 Senior Member
Interesting article here about the US saving bond going paperless. Just another American historical icon vanishing from our grips...A couple of items in the article that caught my attention was: US saving bonds have been around since 1935, and minors ( people under the age of 18) could actually own them, Now according to this article that will all change come Jan. 2012

http://finances.msn.com/saving-money-ideas/bed00853-b563-4d40-bb6d-10f8e53e0c66
"It is what it is":usa:

Replies

  • NNNN Senior Member Posts: 25,126 Senior Member
    It is an anti old people agenda, only old people buy them and they want to buy them fron a bank teller because that is what they always did and they do not have the equipment, trust, or computer skills to do it on line.
  • Make_My_DayMake_My_Day Senior Member Posts: 7,911 Senior Member
    When you're broke you have to find ways to cut the budget, I'd say saving $120 Million in tax dollars is probably worth it.
    I agree. The only time I ever owned any of them, it was the result of it being a gift from someone. I don't think I ever held any to the maturity date.
    JOE MCCARTHY WAS RIGHT:
    THE DEMOCRATS ARE THE NEW COMMUNISTS!
  • Diver43Diver43 Senior Member Posts: 12,142 Senior Member
    The wife and I have several savings bonds. The ones I purchased while in uniform paid the downpayment plus some for our house. The wife had purchased one each pay period through work since before I knew her. They do pay out in the long run, but I dont see my parents ever purchasing one again if it is only digital.
    Logistics cannot win a war, but its absence or inadequacy can cause defeat. FM100-5
  • TeachTeach Senior Member Posts: 18,428 Senior Member
    The big downside to savings bonds has always been the lousy return rate. They barely kept up with inflation for most of the time they were issued. Putting some cash under your mattress every payday was about as smart. I bought them by payroll deduction for the first couple of years I was in the USAF, then figured out I could manage my savings better than Uncle Sam could.
    Jerry
  • breamfisherbreamfisher Senior Member Posts: 13,877 Senior Member
    Paper costs money. If you're trying to save money, cut it where you can.

    My state has been doing away with printed saltwater fishing regulations (they change every 6 months) to save money. I'm not surprised the feds are doing the same thing.
    I'm just here for snark.
  • Dr. dbDr. db Senior Member Posts: 1,541 Senior Member
    I have one. Given to me. Couldn't cash it last year at my local credit union, had to go to a bank and they said it was too soon? Hope to cash it this year.
Sign In or Register to comment.
Magazine Cover

GET THE MAGAZINE Subscribe & Save

Temporary Price Reduction

SUBSCRIBE NOW

Give a Gift   |   Subscriber Services

PREVIEW THIS MONTH'S ISSUE

GET THE NEWSLETTER Join the List and Never Miss a Thing.

Get the top Guns & Ammo stories delivered right to your inbox every week.

Advertisement