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US
Savings Bonds |
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US
Savings Bonds represent the promise of the United States Government
to repay the purchase price of the bond, plus interest, at a specific
time in the future. The return on savings bonds is guaranteed. Currently,
the government issues two (2) types of bonds: Series EE and Series
HH.
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Various denominations. |
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Increases convenience to you by eliminating
trips to the bank. |
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Automatic deduction. |
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Enables you to defer interest
earned on Series E or Series EE bonds. |
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Enables you to choose denominations to
meet your personal needs. |
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Minimizes your tax liability. |
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| SERIES EE - Additional Specifications
& Fees |
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| Requirements &
Fees |
- Purchased at one-half (½) of the face value.
Series EE Bonds are available in the following denominations:
$50 $75 $100 $200 $1,000 $5,000 $10,000.
- Bonds may be issued in the name(s) of natural persons
only; not businesses or organizations.
- Savings bonds may be issued to: Single Ownership—one
person only; Co-Ownership—two persons; Beneficiary
Form—one person as owner; another person as
beneficiary.
- The Savings Bond(s) will be sent to you directly from the Federal
Reserve Bank.
- Bonds may be redeemed six (6) months after date
of issue. If redeemed before five (5) years, Series
EE Bonds earn interest on a fixed graduated scale,
rising gradually to the minimum rate at five years.
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| SERIES HH- Additional Specifications
& Fees |
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| Requirements &
Fees |
- Series HH Bonds are current-income securities, paying
interest semiannually by check or electronic funds
transfer.
- Series HH Bonds are available in face value denominations
of: $500 $1,000 $5,000 $10,000.
- Series HH Bonds may only be purchased through the
exchange of eligible Series EE/E Bonds and U.S. Savings
Notes with total redemption values of $500 or more.
- Bonds are redeemed six (6) months after date of
issue; however, Series HH Bonds must be sent for collection
to the Federal Reserve for redemption. This process
takes four to eight weeks.
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Equal Housing Lender.