Series
EE can be purchased in denominations of $50, $75, $100, $200,
$500, $1,000, $5,000 and $10,000. The interest rate is determined
by the Federal Reserve and is updated every six months. With
the Series EE Savings Bond, interest is added monthly. All
interest earned is exempt from state and local income tax
and all federal
tax due on interest is deferred until redemption of the bond.
The bond is guaranteed to reach face value in 17 years and
will continue to earn interest for 30 years. The purchase price
of the bond is equal to one half of the face
value of
the bond purchased. (ex. $50 bond costs $25) The bond must
be held for at least 12 months after purchase date before
cashing. If you want to purchase a bond please stop into
any
of our branch locations or e-mail
us with any questions.
Series
I can
be purchased in denominations of $50, $75, $100, $200, $500,
$1,000, $5,000 and $10,000. The interest rate is
determined by a combination of fixed rate and indexed rate based
on the rate of inflation which is updated every six months. With
the Series I Savings Bond, interest is added to the bond monthly.
All
interest earned is exempt from state and local income tax and all
federal tax due on interest is deferred until redemption of the
bond. The Series I Savings Bond will continue to earn interest
for 30 years.
The purchase price of the bond is full face value. (ex. $50 bond
costs $50) The bond must
be held for at least 12 months after purchase date before
cashing. If you want to purchase a bond please stop into
any of our branch locations or e-mail
us with any questions.
Series
HH can be purchased in denominations of $500,
$1,000, $5,000 and $10,000. The interest rate
is set at date of bond purchase by the US Treasury. Interest
is not added to the savings bond, but is deposited every six
months to your savings or checking
account via direct deposit.
All interest earned is exempt from state and local income tax
and
all federal tax due on interest is deferred until redemption
of the bond. The Series HH bond will continue
to earn interest for 20 years and will the member will be notified
by the Treasury Department upon maturity. Series HH bonds cannot
be purchased with cash but only by redemption of Series EE
or Series H bonds. The
purchase price of the bond is full face value. (ex. $500 bond
costs $500) The bond must be held for at least six months after
purchase date before cashing. If you want to purchase a bond
please stop into any of our branch
locations or e-mail
us with any questions.
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