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Author: Foolferlove Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35357  
Subject: Re: Emergency fund Date: 7/19/2004 11:55 AM
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They adjust for inflation, aren't taxed until you sell them (unlike EEs), and don't need to be messed with for thirty years.

Just wanted to point out that EEs are not taxed either, until they are sold. The interest on both I-bonds and EE-bonds is tax deferred until sale or 30 years, whichever comes first.

There are some rules you have to adhear to such as not cashing it for six months and that if you redeem them before five years you pay a three months of interest as a penalty

The new time limit before one can cash a savings bond is 12 months.

One can no longer buy PAPER savings bond except through a bank, I think. But you can purchase EE and I bonds in any denomination you would like through treasurydirect.gov where they will hold them for you in electronic form, and mail you a check (or direct deposit to bank account) when you sell.
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