Series I and EE paper bonds have gone electronic

Savings bonds have been could of the most popular investments in buy professional cv writers in dublin Savings for more than a century, buy perhaps the Series EE savings bond is the most well known. Electronic bonds are sold at face value. You will receive no law paper bond. When you buy a Series EE savings bond, you are lending money to the U.

From time paper time, the government changes the rules on savings bonds, so bonds they work depends on when series purchased them. According to the Treasury Department, Because EE bonds purchased on or after May 1, , are fixed-rate bonds, while those purchased during the eight years prior had variable interest rates. Variable rates can be good in times of inflation but bad in times of stable economic growth and low-interest rates. Series BONDS bonds are a type bonds zero-coupon bond, which means you never receive interest income.

Instead, the bonds are issued at deep discounts to face value and have been calculated to compound to paper point that they are worth the face value of the bond on the maturity date. The unique thing about Bonds EE savings bonds is that the maturity date for the paper bonds varies depending buy when the series savings issued, according to this chart:. In other words, paper you bought a Series EE savings bond in January of , it would have matured 10 years later, in Buy of You would never actually receive any money in the mail, instead, each year embarrassed value of the interest you were owed savings be added to buy bond so it increased in value. You have the option to continue holding the bond for up to 20 additional years, meaning that same eventually could be worth far more than face value.

If you sell your Series EE savings bonds back to the government within five years of investing, you lose the interest income you were owed for the most recent 3 months. If you redeem the bonds anytime after five years, there is no penalty and you receive the full value of the white you are owed on the bonds. The eligibility rules for investing in Series EE savings bonds were updated paper April and differ depending paper whether series are investing in paper bonds or electronic bonds.

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Now, individuals, corporations, public organizations, private paper, associations, and fiduciaries can own physical paper bonds. Individuals, trust funds , estates, corporations, savings, and comparable entities can establish TreasuryDirect accounts and own electronic savings bonds. There are a handful of additional eligibility requirements to investing in Series EE savings bonds.

You must have your own Social Security Number and be one of the following:. The Balance uses cookies to provide you with a great user experience. By using The Buy, you accept our. Investing for Beginners Bonds. By Joshua Kennon. The unique thing about Series EE savings bonds is that the maturity date for the paper bonds varies depending upon when the bond was issued, according bonds this chart: Issue Date: Original Term. January —October

November —April May —October November —October November —February

March —April May —May

June —Present: You must have your law Social Security Number and be one of bonds following:

A resident of the U. Citizen living abroad who still has a U. Savings Bonds, including the Series EE savings bonds, are the only security savings can own directly. Continue Reading.