Researching current rates.docx
Researching rates: NameSavings Bonds Series EE If you received a savings bond when you were born,What is the current interest rate? %Series EE savings bonds interest rates may change twice a year, when does the treasury determine new rates?How often would it have compounded?What is the minimum amount of time you should hold on to your EE Savings Bonds?If your aunt purchased a $100 savings bond for $50 when you were born in 1996. When will it reach face value of $100?Use RULE OF 72 to detemine interest rate bond has earned:How many years can that bond keep earning interest?Go to your bank website. If you do not have a bank use TEMPO BANK Find their current rates tab. Find the following information:savings accountmin. deposit $current rate:compounds:CD 36 monthmin. deposit $current rate:compounds:$5000 moneymarketcurrent rate:compounds:go to calculate how much your $1000 36 month cd would be worth when it matures. ................
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