This has been posted earlier - espcially under ways to use a citi/click card. Glad to see that someone else thinks this is a good deal. I think that you have nothing to lose if you have some savings sitting around. It really is pretty liquid even though it might not seem so. If you don't need the money, just leave it. The interest rate is re done every six months based on the inflation rate. You can keep going back and ordering another $500 bond (right awa). I have done quite a few at a time. You can cash in after 6 months but if it is cashed in before 5 years it has the 3 month interest penalty, just like a CD. If you put this in your name (adult) (I have put my 14 yr old daughter as beneficiary so if something happens to me she will have her college paid for)and it is used for your child's college, the interest is tax free. If you use your citi/click you will get double miles.(until May 31). They only take visa and MC at this point. I have been buying up a storm earmarked for my daughters college in case they don't take credit cards when she goes, and if they do and I have the money to pay for her college I'll have it for retirement. Mainly I am taking what has been in a savings account for her and transferring it to bonds. I'll be getting about 49000 miles (on AA)this month on my click card this month (it includes a few other purchases). When May is over, I'll stop.

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DtG