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McHENRY PLAINDEALER_SectlonA Friday,August9,1985 Pag* 9 • • • Savings bonds coming back By David Flaum Scripps Howard News Service With interest rates down - and with them the rates that savers and investors earn on Certificates of Deposit, money market ac­ counts and bond yields - a 9.49 perceht return starts to sound pretty good. That's the rate the government is paying on United States sav­ ings bonds - at least until Nov. 1. Savings bonds were a forgotten savings and investment instru­ ment in the late 1970s and early 1980s when interest rates -- and returns on other forms o f i n v e s t m e n t -- soared. But, in late 1982, the government decided to base the savings bond rates on market interest rates and change them ev­ ery six months to keep up with market trends. That move, say ex­ perts, has become a major strong point of savings bonds. In addi­ tion, it doesn't take much money to invest in savings bonds and t h e r e a r e t a x * advantages. * But getting the high ' rates requires a long- term commitment of your money, advisers * point out. And, as with any interest rate-sensi- tive investment, there is interest rate risk. If you had bought a * Series EE savings 'bond when the vari­ able rate program J started in November 1982, your average > rate of interest so far J would be 9.92 percent, * says Sheila Nelson, ".public affairs special­ ist with the ILS. Sav­ ings Bond Division of Uhe Department of the •Treasury. What you .earn when you cash in bond is based on the averages of the rates being paid for each t six-month period you | owned the bond, she explains. ijJ The rate is set at 85 Vpercent of the rates on " Treasury notes and bills with five years to t go until maturity, says ^Stephen Meyerhardt, •S manager of public af- Z' fairs of the Savings Bond Division. There is a guaran- * tee, too -- a minimum V7.5 percent. So, if inter­ est rates drop sharply, £»an investor may earn * jnore than he can get * elsewhere in the mar­ ket, Ms. Nelson points "out. *' The rates are gener­ ally higher than those aid on money market ccounts, short-term '.certificates of deposit and savings accounts. But, to get those rates, an investor must hold on to his bond for at least five years. "You're penalized if ou come out early," ys financial planner Germaine Peterson. "You can't use savings bonds for a short-term investment." } F i r s t T e n n e s s e e Bank vice president Herb Hilliard says an investor must ask him­ self "Is it worth it to tie your money up for five years for another t w o ( p e r c e n t a g e ) joints (of return)?" Most experts agree, that savings bonds are u s e f u l f o r s o m e persons. "They're primarily for people who want to save small amounts of money over a period of time and are fairly conservative in their outlook," says Hil­ liard, "You don't see people going up and buying $10,000 savings bonds." The fact that a per­ son can buy a $50 bond for $25 and still earn a high rate of interest is a major advantage. says Ms. Peterson. Banks and savings and loan association re­ quire minimums of $500 to $1,000 on CDs and money market ac­ counts to earn equally high or higher rates of interest. Also, with those types of accounts, money and interest rate are locked up tighter than with a bond. Early withdrawal penalties of up to sev­ eral months interest are imposed on CDs. Interest rates drop when money market account balances go b e l o w c e r t a i n minimums. Savings bonds also have tax advantages. Bond holders do not have to pay state or local income tax on the interest, nor do they have to pay federal in­ come tax on it until the bonds are cashed in. she says. (David Flaum is a reporter for The Com­ m e r c i a l A p p e a l i n Memphis, Tenn.) FOX RIDGE OPEN HOUSE SAT.AUG.10 11a.m.-3 p.m. 211 CANTERBURY (off Greenbriar) - 3 bedrooms, 2 full bafhs, pa­ neled den, family room and custom deck. MO BETTER PRICE AAA IN FOX RIME 9/O f9UU CaH Milieat (815) 459-3145 Realty WorttDurMn Stovall "REPOSSESSED HOMES" F.H.A. & V.A. foreclosures - non-vets & investors welcomed. Low down payments. Present V. A. at lllA% interest-fixed-30 yrs. 1 point---call for more info. SHAMROCK REALTY 815-728-0424 ERA-ADVANTAGE REAL ESIATE 4507 W. ELM STREET, McHENRY 815-385-9394 HOURS. --- WEEKDAYS Mon. thru Fn 9am • 8 p m HOURS: WEEKENDS - Sal, and Sun. 9 a.m. • 6 p.m. MamtmrsOf: (H Otficat In: McHanry MLS 1 MAP MLS 1=3 MBS M McMirnrr »P.l««ln. $27,000-N0 MONEY DOWN Owner wilt help • VERY ANXIOUS, wants buyer now for this great little house with basement and appliances. Call NOW! Only $27,000 oooooooooooooooooooooo JUST OPENED UNIT #3 Climb to the top of Jasmine Court and pick a beautiful one acre view. y 6 Jdiots, priced from $23,500 AVAILABLE FOR IMMEDIATE DELIVERY! A Colonial, two story with fireplace, full basement, one acre lot and many extras $134,400. For Information Call 815-385-3133 Evenings 815-455-5537 (Sflg) m BRITTANY BUILDERS INC *» A t 'O VALUE "High effciency gas furnaces, optional in all our Homes." The Springs, located just 2 miles north of Rte. 176 on Wallcup Road offers beautiful 1-3 acre homesites at sur­ prisingly low costs. ERA-ADVANTAGE REAL ESTATE 4507 W. ELM STREET, McHENRY 815-385-9394 OURS: WEEKDAYS Mon. thru rri. 9 a.m. -8pm it it If it if it if it if If it if it if • it * it if 6 * it * • JUST LISTED This super starter or investment home has i lot to offer, new roof finished basement, and the ERA Home Warranty Plan, makes this 2 bedroom ranch, the deal of the week! Only $42,000 HOUR WEEKENDS Sat. A Sun. 9 a m • 6 p.m. 'kit'kifkifkitifkiTit'h 6 if • if * * • if it * • JUST REDUCED This 4 bedroom, 1% bath ranch, plus full basement has room for all the kids, water rights for summer fun. Plus owner will hold contract below market rates. Only $49,900 "ASSUMABIEM INTEREST" On this lovely aluminum sided ranch in city of McHenry dose to beach and park. P i I • •222.00 per month, $28,000 balance. Only $45 assumption fee - A must see) .$48,900 EXECUTIVES • DOCTORS - LAWYERS Here is your own office at Dome with private entrance • plumbing, electric roughed in just reedy to be finished, adjoining a top quality MOOO sq. ft. stunning tuder heme. Jacuzzi. Gazebo end all the extras on Secret •C GREAT STARTER HOME 3 bedrooms. 1H car attached garage, sliding doors off eating area. Neighborhood great for kids $42,900 This one! Over 1.400 sq. ft. on city sewer and water • close to beach, park and tennis courts. 3 bedrooms and family room. Only $47,900 "ON THE WAT Well maintained waterfront fantastic view from family room. Formal dining room, fire place and great landscaping. A must to see. $67,500 LOVELY WHISPERING HILLS is the setting of this immaculate aluminum sided ranch with 2 b car attached garage. Gorgeous, meture landscaping Move right in; and enjoy for only $57,0001 Offices In: McHenry & Palatine rgtlWdlH Members Of: McHenry MLS A MAP MLS JUSTED LISTED THIS WEElf RIVERFRONT Cozy 2 3 bedroom, home includes all appliances and most furnishings. Attractive knotty pine kitchen. Good size living room, plus heated sunroom. Large deck, steel sea wall, 2 piers. Great View! $72,900 SPECTACULAR WATERFRONT Beautiful A-Frame home has over 4,000 sq. ft. of living area. Four gigantic bedrooms. Two full baths plus 3 half baths. Kitchen is a cook's dream. Spacious "great room" with patio doors opening to 20'x33' patio. 3 fire­ places. Many, many extras! $128,500 LAKELAND PARK Roomy 4 bedroom/2 bath home with basement located on large corner site. 2-1/2 car garage plus garden shed. New furnace, insulation and decorating. Big rec. room. Owner transferred, priced to sell! $59,900 FOX RIDGE Immaculate upgraded "Cambridge" model. 3 to 4 bed: rooms, 3 full ceramic baths! Beautifully decorated eat-in kitchen with custom wood cabinets. Formal dining. Huge family room with brick fireplace. Extra insulation, all ap­ pliances! $86,500 RIVERFRONT - 560 FT. FRONTAGE-3 ACRES 3 bedroom home built in 1970. Nice living room with large windows overlooking river. Eat-in kitchen. Solid con­ crete block foundation. Peaceful, highly wooded acreage. Exceptional opportunity for the handyman! Unbelievable price! $36,900 385-6990 4104 W. Rte. 120 Mctlenr AFFORDABLE HILLSIDE RANCH Appealing 3 bedroom home has hardwood floors. Full ba­ sement with ground level walk-out, would make great, family room. Double wooded site. Nice location. A lot of home for the money! Just $49,900 If] 653-2061 7313 Hancock Dr. Wonder Lake McHENRY COUNTY REALTY iNr Gmuijc. jyTZI I--1-1 CAM MAI Itr ATI MEMBERS OF BOTH McHENRY & LAKE COUNTY MULTIPLE LISTING SFRVICES! SERVING THE GREATER McHENRY AREA FROM TWO OFFICE LOCATIONS OFFICE 815-344-1033 3717 W. ELM STREET, McHENRY, II (Rte. 316 Rte. 120 • Elm Stmt) 815-385-8821 2313 iohniburf Road, McHenry, II GREAT HOMESITE! 4+ acres of woods. Great homesite. Driveway and well are in. Pond too. Lovely Area! $49,900 NEW LISTING Spacious 4 bdrm. waterfront on a % acre. Fea­ tures stone fireplace, and is close to town. A must to see!! $184,900 NEW ON THE MARKET See this we)l-maintain«l 2 3 bedroom ranch with 1550 sq. ft 2 full baths too! Located in Edge- brook Heights ATTRACTIVE CONDO 2 bdrm., 2nd floor condo. with newer neutral-color car­ peting, nicely decorated. Seller is anxious to sell 137,500 RANCH Good price for this 3 bdrm. Ranch with fenced yard and big kitchen. Close to shopping. Owner may finance $50,900 CHARMING HOME! "Charming" hillside ranch has full finished ba­ sement! Big eat-in kitchen W/Glass sliders to pri­ vate patio view! PERFECT FAMILY HOME! Spacious 3 bdrm., 1% bath home with beautiful custom country kitchen/dining addi­ tion. CALL TODAY! $62,900 WOWEE!! Sharp home with two full baths, large deck and three car garage. In-town convenience $71300 A MASTERPIECE IN PLANNING! innv i MVI VBVM • WM I annniiwi This elegant decorator designed brick ranch is perfect! Private in-ground pool too! ONLY $183,900 FHAASSUMABLE Charming 2 bedroom ranch with full basement in City limits. New storage shed $53,000 WINDING CREEK SUBDIVISION this quad-level home has extra insulation, a hea- talator fireplace, 3 bedrooms, 1.5 baths and super decorating $87,000 PRICE REDUCTION Close to town. Wood burning F/P, C/A, micro wave, washer, dryer, dishwasher, & other appli ances included. See this one NOW! Price reduced to a low $88,800 t - r » • wy » \ VERY ATTRACTIVE! 3 bdrm. ranch located on wooded 2 acres with pond, and in-ground pool. Sunken LR conversion pit with fire place. Finished basemenl plus many extras! Priced at $124,900 MAINTENANCE FREE! Lovely Maintenance-Free waterfront ranch on Nip- persink Channel leading to the Chain-of-Lakes. ^1500 Sq. Ft $80,000 1980 Century 21 Real Estate Corporation® Registered Trademark of Century 21 Real Estate Coipoiation Printed in U S A COMMERCIAL Great Multi-family investment! Contains 3 units, all up-dated and well maintained. Priced Right! 4 .$88,900 lATitiHl Each office is independently owned and operated Equal Housing Opportunity