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Savings Bond Milestones
updated as of 12.16.2013
Feb 1935 - President Roosevelt signed legislation to create Saving Bond Program
Mar 1935 - First Savings Bond Issued - Series A. Series A-D aka "Baby Bonds"
Issue dates: A (1935) B (1936) C (1938) & D (1941)
May 1941 - "E" bond program begins (aka "Defense Bonds and War Bonds")
May 1941 - War Stamps issued - sold for .10, .25 & .50
1942 - Payroll Saving Plan Introduced
1943 - Norman Rockwell "Four Freedom" paintings tour raised $130 Million in war bond sales
June 1952 - "H" bonds issued - aka "current income bonds"- interest paid every 6 months - earned interest for 30 years
Nov 1964 - "E" bonds no longer earn interest for 40 years (stop)
Dec 1964 - "E" bonds only earn interest for 30 years (start)
Dec 1979 - "H" bonds program ends
Jan 1980 - "EE" bond program begins
Jun 1980 - "E" bond program ends
Jan 1990 - Congress created "Education Savings Bond Program"
1991 - Year long 50th anniversary celebration of popular Series E bond
May 1992 - Jack Quinn, Founder SavingsBonds.com finds EE bonds
- begins research into savings bonds management services
Mar 1993 - "H" & "HH" Bonds interest rate reduced to 4%
Jul 1993 - Savings Bonds, Inc. starts 1st computer system to manage savings bonds
May 1997 - "EE" bond interest posted MONTHLY begins
Jul 1997 - www.savingsbonds.com web site goes live with 'cloud technology'
Sep 1998 - "I" bond program begins - aka "Inflation Bond"
Dec 2002 - "HH" bond interest rate DROPS to 1.5% (announced Dec 26th)
2002 - First digital Series I Bonds available for purchase
Jan 2004 - "HH" bonds announces date for discontinuance
Aug 2004 - "HH" bond program terminated as of Aug 31st
May 2005 - "EE" bonds begin Fixed Interest Rate for 1st 20 years
Jan 2008 - Individual purchases limited to $5,000 bonds of each series for both paper and electronic bonds
Dec 2011 - Paper savings bonds discontinued effective Dec 31st
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