Savings  

Savings Bonds
U.S. Savings Bonds are a safe, easy way to save money and a solid addition to your investment portfolio. More than 55 million people are taking advantage of Savings Bonds’ competitive rates. Whether you select Treasury’s new I Bond or EE Bond, your money is guaranteed to grow and remain safe into the future.
As an added advantage, using Savings Bonds to pay for qualified higher education expenses may allow you to exclude your earnings from federal income taxes. Savings Bonds are also a great way to supplement retirement funds.

I Bonds
These bonds are sold at face value, and offer a real rate of return over and above inflation. Members can invest up to $30,000 annually, in denominations ranging from $50 to $10,000. Each bond can earn interest for up to 30 years. Bonds may be redeemed any time after one year, but will be subject to a three-month loss of interest if cashed out prior to five years.
I Bonds are exempt from local and state taxes, and they are backed by the full faith and credit of the United States.

Series EE Bonds
Sold at half of face value, these bonds earn interest based on five-year treasury securities. Members may invest up to $15,000 annually, in denominations ranging from $50 to $10,000. Each bond can earn interest for up to 30 years, but tax consequences may be delayed for up to 20 more years by exchanging bonds for Series HH. Bonds may be redeemed any time after one year, but will be subject to a three-month loss of interest if cashed out prior to five years.
Series EE Bonds are exempt from local and state taxes, and they are backed by the full faith and credit of the United States.

As of January 1, 2012, paper savings bonds are no longer sold at any financial institutions. To learn more about these bonds or make a savings bond purchase, please visit TreasuryDirect.gov.

 



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