Play on the safe side–invest with a Savings Bond. With this government protected savings tool, you earn variable interest over a fixed term. Purchase the bond at face value, and let your funds grow without state or local income tax!
Starting Dec 31, 2011 savings bonds will only be available for purchase online by visiting www.TreasuryDirect.gov. Why The US Treasury Department made the decision to end sales of paper savings bonds? To save us, the taxpayers, an estimated $70 million over the next five years! Don't worry though, you can still redeem paper bonds at all of our locations.
Please visit TreasuryDirect.gov for more information and for answers to frequently asked questions or give us a call – we're happy to help!
- Variable rate of return
- Interest compounds semiannually for up to 30 years
- Can be redeemed after 1 year
- Penalty for early redemption
- Exempt from state and local income tax