Savings Bonds

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!

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Summary

• Purchase at 50% of face value
• Can purchase for others
• I bonds available from $50 to $5,000 at face value
• EE bonds available from $50 to $5,000 at 50% of face value
• 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