BONDS

To order bonds stop by any branch location.

I - Bonds

• Sold at face value
• U.S. Securities backed up by the full faith and credit of the United States Government
• Deferred Federal taxes on earnings for up to 30 years
• Exemption from state and local taxes
• Interest compounded semiannually
• Liquid - May be redeemed after six month period
• Rate adjustable every May 1 and November 1
• Bonds are sold in denominations of $50, $75, $100, $200, $500, $1,000, and $5,000
• Earnings are added to bonds monthly
• Maturity of 30 years
• Value never less than original investment
• Maximum investment in I bonds annually is $30,000

HH Bonds

• Interest is paid semiannually at a fixed rate
• Interest earned is exempt from both State and local income taxes
• Interest is paid directly by direct deposit to the owner's account at a financial institution
• Rate is set for first 10 years that bond is held and can change when the bond enters an extended maturity period of an additional 10 years

EE Bonds

• Safe - Backed by the US Treasury
• Exemption from state and local taxes
• Earn 90% of the average yield on 5 year Treasury securities
• Liquid - May redeem after six months from purchase
  Three month interest penalty if redeemed before five years
• Maturity of 30 years
• Purchase price is 50 % of the face amount
• Interest is added to the bond value monthly
• Bonds are sold in denominations of $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000
• Interest compounded semiannually
• Maximum purchase limit is $15,000 per person per calendar year