Additionally, because of the compound interest structure, the Bonds are not appropriate for investors seeking current income. Before buying these Bonds, you should consult your investment or tax advisor. The table shows the taxable yield needed to match, after Federal and State of Michigan income taxes, the yield on a tax-exempt municipal security at current rates. Tax rates may change in the future, affecting the taxable equivalent yield of the Bonds. Consult your tax advisor.
Financial planning is critical to meeting the costs of a college education.
In addition to the Michigan College Savings Bonds , several other options are available, including Series EE Bonds, zero coupon federal securities, certificates of deposit, stocks and mutual funds. Investors should contact their investment or tax advisors to discuss these investment alternatives. How to Place Your Order To place your order, or receive additional information, contact a sales representative or broker during the information period at one of the brokerage firms or financial institutions listed below. The material contained in this website is for general information only. This is not an offer to sell or a solicitation to buy the Bonds.