Currently, there are two types of Bonds for purchase; the EE Bond and the I Bond.

Notice: August 31st, 2004 was the last issue date for HH/H Bonds. After August 31, 2004, the government discontinued the exchange of bonds for HH/H bonds. Current holders of HH/H Bonds will not need to do anything different than they normally would have.

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EE Bonds

• Interest accrual (interest is added to the value of the Bond periodically)
  • for bonds issued prior to March 1997, interest is posted twice each year.
  • for bonds issued after February 1997, interest is posted on the first day of every month.
• Purchase price is ½ of its Face Value (a $100 Bond would cost you $50)
• Will continue to earn interest for 30 years from date of purchase
• Bonds issued after May 1st, 2005 earn a fixed rate of interest for the first 20 years based on 10-year Treasury note yields.
• Can be cashed-in (redeemed) after the Bond is 12 months old.
• Suffer a 3 month penalty if you cash-in (redeem) before it is 5 years old.
• Learn More about EE Bonds...

I Bonds (Inflation Bond)

• Accrual type security (they increase in value monthly)
• Are sold at Face Value (a $100 Bond would cost you $100)
• Will continue to earn interest for 30 years from date of purchase
• Suffer a 3 month penalty if you cash-in (redeem) before it is 5 years old.
• Can be cashed-in (redeemed) after the Bond is 12 months old.
• Earnings rate is a combination of a fixed rate of return AND
     a semi-annual inflation rate(which is variable).
• Learn More about I Bonds...