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Captain- good point, i kindof glanced over that... thanks.
05CSRT-4 : it wouldnt get any interest in a safe deposit box tho. i want my money to work for me and make more of itself. ya dig? Thanks for that info on the Orange savings account. 3% is pretty sweet, think I'm def transferring at least half of my savings into one of those. Are there any drawbacks?
Twastheglow- i did a lil bit of research. my current savings account int. rate is like .5. The intresest rate of the bond is like 2.6. If I can get my savings account up over 10gs, then i can get a higher interest rate.
In a savings account, it wouldn't appreaciate as much as the bond would on its own by 2030, but in a savings account, there is no risk of losing it--either by natural disaster or inflation, etc...
I think in a CD i could get much better interest, but its the deal where you can't get at your money (even if you need it) until it runs the course.
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