Savings Bonds

Invest today...enjoy tomorrow!

As a member of the Credit Union, you can purchase or redeem savings bonds at our office.

Series EE - An Accrual Security

Series EE bonds are Treasury securities that earn interest at market-based rates for up to 30 years. The purchase price of a bond is 50 percent of its face amount; for example, a $100 bond costs $50. Interest is added to the redemption value every month and paid to the investor when the bond is redemmed. The issue date for EE bonds, printed in their upper right hand corner, is the month and year an authorized issuing agent received the full purchase price of the bond. The issue date determines when a bond begins and stops earning interest. Bonds are available through financial institutions in $50, $75, $100, $200, $500, $1000, $5000, and $10,000 denominations.

Series EE bonds earn market-based rates. Your bonds earn a new rate every six months. Bond interest rates are based on market yields of actively traded Treasury notes and bonds.

Each May 1 and November 1 Treasury announces a Series EE saving bond rate that is 90% of the average of 5-year Treasury security yields for the six months before the rate announcement.

Bonds earn these rates right from the start. Bonds cashed before five years are subject to a 3-month interest penalty.

For example, if you cash a bond after 18 months you will get 15 months' worth of interest. There is no penalty once you've held a bond for five years.

For more information on these bonds visit our office.