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The guaranteed minimum investment yield for the bonds was 4 percent, compounded semiannually. [11] Interest was exempt from state and local taxes, but was subject to federal taxes. [12] Series E bonds were sold at 75% of face value and had a 2.9% interest rate compounded semiannually. [13]
The U.S. government first issued Series E bonds to fund itself during World War II, and it continued to sell them until 1980, when Series EE bonds superseded them. Series E bonds are no longer issued.
If not redeemed at maturity, the bonds would continue earning interest for a total of 40 years if issued before December 1965, or for 30 years if issued in December 1965 or later. Series E was replaced by Series EE bonds in 1980, and the last issued Series E bonds ceased earning interest in 2010.
Series I: These bonds earn interest at a composite rate that can change semi-annually. ... Series I bonds are available in multiples of $50, from $50 to $5,000, with face values of $50, $100, $200 ...
Series EE bonds issued today will mature in 20 years, and they are guaranteed to double in value over that time. You can let the bond continue to accumulate interest for an additional 10 years ...
Savings bond purchasers tend to purchase fewer bonds when interest rates are lower, and interest rates had been declining over the past several years. [1] For example, in May 2015, new Series EE bonds earned 0.3 percent interest, and new Series I bonds earned zero percent interest at that time. [43]
Series I Savings Bond rates are set to change on May 1, 2024, when the new rates will be announced. To give some perspective, for Series I Bonds issued from November 2023 through April 2024, the ...
The last five years have taken bond investors on a wild ride. In 2020, the Federal Reserve slashed interest rates near zero, to keep a panicking economy afloat. Fast-forward to 2022, when rates ...