I have a three year old son and I’m wanting to start saving for college. I heard that I Bonds are the best way to go. I’ve looked on the internet and it’s so confusing. I’m only planning on putting away $50 bi-weekly. I want something that is safe, even if it only grows a little that’s fine. I just don’t want anything that will make me lose money. Which would be best for me?
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The I bonds are the best because they can give protection from inflation since your child is so young. The usually give an intrest rate of about 2%+inflation which usually ends up totaling 4-5%. Not bad if you look at where the economy is now.
Good Luck
This is a site you can buy them straight from the government. Or if you want to actually recieve a paper bond you can go to most banks and buy them and they will mail them to you. http://www.savingsbonds.gov/