savings bonds

Compare EE Bonds
to I Bonds

Current EE Bond Rate: 0.10%
Current I Bond Rate:   2.76%


Comparison Chart between I Savings Bonds and EE Savings Bonds

The US Treasury Department currently offers two series of savings bonds for purchase: EE and I.
EFFECTIVE: 1/1/2012  You can no longer purchase paper EE Savings Bonds or I Savings Bonds at a local bank, financial institution or credit union. As of 1/1/2012, the Treasury Department started issuing electronic savings bonds only. Note: The Treasury Dept. will still issue paper savings bonds if you are Replacing Lost Bonds or Changing a Beneficiary/Co-Owner Name. See the current savings bond rates for bonds available for purchase.
Here is a comparison of I bonds and EE bonds:

The following chart applies to paper Savings Bonds purchased, using tax refunds, after Nov 1, 2016

 I Savings BondsEE Savings Bonds
Denominations$50, $75, $100, $200, $500, $1,000, $5,000$50, $75, $100, $200, $500, $1,000, $5,000 and $10,000
Purchase Price100% of face value
(a $100 I bond starts at $100)
50% of face value
(a $100 EE bond starts at $50)
Interest EarningsA fixed rate of return and a variable semiannual inflation rate (based on the CPI-U for March and Sept.) combined

Interest compounds semiannually for 30 years
Bonds issued after May 05 earn a fixed rate of interest.

Variable rates for bonds bought from May 97 thru April 05 are based on 90% of the 6-mnth avgs of 5-year Treasury Securities yields

Interest compounds semiannually for 30 years
RedemptionCan be redeemed after 12 months

3-month interest penalty if before 5 years
Can be redeemed after 12 months

3-month interest penalty if before 5 years
TaxesExempt from state and local income tax

Tax deferred until cash-in or the bond reaches final maturity

1099-INT issued upon cash-in by cashing-agent (bank,fed. reserve, etc)
Exempt from state and local income tax

Tax deferred until cash-in or the bond reaches final maturity

1099-INT issued upon cash-in by cashing-agent (bank,fed. reserve, etc)
Eligible for
Tax-Free Education?
YesYes

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