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US Savings Bonds Empower Credit Union is now selling and redeeming US Savings Bonds. Savings Bonds are a safe, easy way to invest your dollars, and they make great gifts for the young person in your life. Interest earned on a bond is tax-deferred until it is redeemed for cash. Series EE Savings Bonds Series EE Savings Bonds may be purchased in denominations of $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000. Length of maturity varies, depending on the current rate of return. The issue price of each is 1/2 the denomination. Series I Savings Bonds Series I Savings Bonds are purchased at face value with earnings added on monthly. The earnings rate is a combination of two separate rates: A fixed rate of return and a semi-annual inflation rate. I Bonds can earn interest for up to 30 years. I bonds can be cashed in after 1 year but do carry a penalty if cashed in within the first 5 years. May be purchased in $50, $75, $100, $200, $500, $1,000, $5,000 and $10,000 amounts. Have a savings bond and want to know it's value? You can check it out online with the Savings Bond Calculator.
To order bonds online click here. Another valuable source for information on savings bonds is http://www.publicdebt.treas.gov and www.treasurydirect.gov. If you would like to stop in and purchase or redeem bonds please see any of our tellers, Carolyne, Cindy H or Michelle. |
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