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US Savings Bonds
U.S. Savings Bonds are a safe and easy way to save
money. Whether you choose EE Bonds or I Bonds, your investment is
backed by the full faith and credit of the U.S. Government. Enjoy
certain tax benefits while earning a competitive rate on your money.
You can also pay for qualified education expenses with your bonds.
EE BONDS
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Sold at half of face value (Ex: You pay $25 for a $50 bond)
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Earn interest up to thirty years
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May be redeemed anytime after twelve months from issue date (If
redeemed before five years, three-month loss of interest applies)
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Interest earned is exempt from state and local income taxes
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Federal income tax on interest deferred until bonds are mature or
redeemed
I BONDS
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Sold at face value (Ex: You pay $50 for a $50 bond)
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Offer a real rate of return over and above inflation
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Earn interest for up to thirty years
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Can be redeemed anytime after twelve months from issue date (If
redeemed before five years, three-month loss of interest applies)
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Interest earned is exempt from state and local income taxes
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Federal income tax on interest deferred until bonds are mature or
redeemed.
You can learn more about U.S. Savings Bonds on-line. For more
information, view current rates, order EE BONDS or I BONDS, or to
calculate the current value of your bonds visit
TreasuryDirect.gov.
You may also contact our bank directly for bond information or to
order U.S. Savings Bonds. For more information or to request an
application for any of our products or services
click here.
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