U.S. Savings Bond drive continues through Oct. 5
Sept. 20, 2001
KALAMAZOO -- Western Michigan University's annual U.S. Savings Bond began Sept. 17 and continues through Oct. 5.
The University is offering the very popular I Bonds again this year through payroll deduction, in addition to the traditional EE Bonds. I Bonds are designed to protect investments from inflation. I Bonds are purchased for face value and have two parts to their total earnings rate: a fixed interest rate and an inflation-adjusted rate, which is calculated twice a year based on the Consumer Price Index for Urban Consumers. Returns over and above the rate of inflation are guaranteed for up to 30 years. Both I Bonds and EE Bonds offer attractive tax benefits as well.
Buying U.S. Savings Bonds through payroll deduction helps our government and helps you to save, even if you can only set aside a small amount each pay period. For more information, faculty and staff members are asked to review the brochures and enrollment cards they will receive by mail soon. And the user-friendly U.S. Savings Bonds Web site is filled with helpful information; visit it at <www.savingsbonds.gov>.
Media contact: Cheryl Roland, 616 387-8400, cheryl.roland@wmich.edu