And we want them running healthcare?
I Bond Earnings Rate 0.00%, Fixed Rate 0.10%
The earnings rate for Series I Savings Bonds is a combination of a fixed rate, which applies for the life of the bond, and the semiannual inflation rate. The 0.00% earnings rate for I bonds bought from May through October 2009 will apply for their first six months after issue. The earnings rate combines a 0.10% fixed rate of return with the -5.56% annualized rate of inflation as measured by the Consumer Price Index for all Urban Consumers (CPI-U). When the inflation rate is less than zero, a bond's earnings rate is less than its fixed rate (but the earnings rate is never less than zero). The fixed rate applies for the 30-year life of I bonds purchased during this six-month period. The CPI-U decreased from 218.783 to 212.709 from September 2008 through March 2009, a six-month change of -2.78%.
Who the hell is going to buy a savings bond paying 0% interest? And it only earns interest for 30 years...what happens after 30 years?
Top 10 GM-Volt.com Posts of 2009
-
Here on this last day of 2009, it seems like it would be a good time to
reflect on this past year of Volt developments. It has been a truly
memorable year ...
11 hours ago
0 comments:
Post a Comment