What are the EE Bonds series?

EE Bond series is a bond with a fixed rate of savings issued by the United States Ministry (USA), which will achieve its final maturity after 30 years. Bonds can be purchased in incremental denominations ranging from $ 25 to dollars (USD) to $ 10,000 and must be held for one year to redeem. Since their nominal value is guaranteed by the US government, the EE series bonds are considered to be a low risk.

In order to purchase the EE series bonds, the buyer must first have a social security number. Furthermore, he must be either an American citizen, a US resident or a civilian employee of the US government, regardless of his place of stay. While minors are not allowed to own other types of securities, they can own the EE series savings bonds. Energy -saving bonds are not transmissible from one person to another. The EE bond series is available for purchase in electronic and paper formats.

EE Bond paper series can be purchased on a specific dayominations ranging from $ 50 to $ 10,000; The purchase price is half of its nominal value. For example, the buyer would pay $ 50 for a $ 100 bond. Paper bond sellers include banks and other financial institutions, as well as salary savings plans offered by many employers. Since paper bonds are dependent on interest rates, full maturity and nominal value are achieved only after 20 years. After 20 years, interest can continue to increase until the bond reaches its final maturity at the age of 30.

Electronic EE electronic bonds can be purchased for $ 25 or more in the additions of one penny. For example, it is possible to buy an electronic binding for $ 43.76. Because the full nominal value is paid for electronic bonds, they immediately ripen. Contact the US Ministry of Finance for more information on the purchase of electronic bonds.

EE Bonds series must be held for at least 12 months before they can redeem.Po redemption will receive the buyer accumulated interest PLUS Purchase price of bond. Three months of interest will be lost if the EE bond is applied earlier than 5 years after its purchase.

EE series bond regulations may change. In addition, there are regulations that apply to EE bonds depending on the purchase date. Complete information on which laws relate to the EE series bonds according to the purchase date is available from the US Treasury.