Wednesday, June 22, 2005

money fun facts

* Approximately 55 million people own savings bonds.

* Savings bonds are a popular gift for newborns because "one size fits all" and the gift "grows" in value as the child grows.

* If your dog eats your savings bond, it (the bond) can be replaced. If your dog eats your homework, you may be in trouble!

* Savings bonds have been awarded to people who bought cars, appliances, and even cemetery plots!

* President Franklin D. Roosevelt placed the first order for a $500 Series E Savings Bond in a radio broadcast on April 30, 1941.

* To commemorate the Bicentennial in July 1976, many banks sold the $25.00 savings bond for $17.76 instead of the usual $18.75.

* Savings bonds can earn interest tax-free for your college education (if you meet certain requirements).

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