Ee savings bonds where to buy

Test your knowledge on common investing terms and strategies and current investing topics. Learn about investing risks in certain companies that provide exposure to China-based businesses. Are you prepared for your financial future? Use this checklist to get started. Please enter some keywords to search. Savings Bonds. Key advantages of savings bonds include: Popularity as gifts. Savings bonds are a popular birthday and graduation gift and also can be used toward financing education, supplemental retirement income, and other special events.

Unlike other securities, minors may hold U. Tax advantages. Regardless of the rate, at 20 years the bond will be worth twice what you pay for it. If you keep the bond that long, we make a one-time adjustment then to fulfill this guarantee.

Older EE bonds earn interest in different ways. More on EE Bond Rates. You can buy them only in electronic form, in our online program TreasuryDirect. We no longer issue EE bonds in paper form. How you register the bond at purchase determines who owns the bond and who can cash it. The registration is the name of the owner either a person or entity , the Social Security Number or Employer Identification Number, and, if applicable, the second-named owner or beneficiary.

The registration of the bond determines the ownership. A child may not open a TreasuryDirect account, buy bonds, or conduct other transactions.

A parent or other adult custodian may open an account for the minor, and that account will be linked to the adult's TreasuryDirect account. The parent or other adult custodian can buy securities and conduct other transactions for the child, and other adults can buy savings bonds for the child as gifts.

You pay the face value. Bonds you buy for yourself and bonds you receive as gifts or via transfers count toward the limit. Two exceptions:. The types of savings bonds available for purchase have changed over the years. For example, Series HH savings bonds are no longer sold. Series EE savings bonds earn a fixed rate of interest each month for up to 30 years.

The rate for new bonds is announced by the Treasury each year on May 1 and November 1. EE bonds purchased before May have variable interest rates.

Savings bonds earn interest for 30 years, but rates are relatively low. In May , the U. Department of Treasury declared a 0. These rates are comparable to the interest you can earn on some savings accounts but lower than that of some certificates of deposit and money market accounts. Interest earned on savings bonds is exempt from state and local taxes, and federal income tax is deferred until you cash in your bond or it matures — whichever happens first.

If you plan to use savings bonds to pay for qualified education expenses, you may get additional federal tax benefits. The longer you wait to cash in your savings bond, the more your money will grow. Savings bonds continue to grow in value until they reach maturity at 30 years.