Bankers, business executives, newspaper publishers, Hollywood entertainers, all served to provide the Treasury and the savings bonds program with manpower and support, making the program a success for more than six decades. Of special note are the executives of many Fortune companies who served as members of the U.
Savings Bonds Volunteer Committee which, from throughplayed an essential role in the success of the payroll savings plan. The Series E bond was patterned after its predecessors.
It became he most durable of all the series and the world's most widely held security. As the "Defense Bond" ofthe "War Bond" of and subsequently just the savings bond - it was purchased by tens of millions of families. Series E Bonds were purchased for face values of: Series E Savings Bonds are "Series e savings bonds maturity" bonds that were issued at 75 percent of the face amount. Interest is paid at redemption as part of the current redemption value.
Active, unredeemed Series E bonds accrue interest at a market-based yield or the applicable guaranteed minimum investment yield, whichever is greater. A guaranteed minimum investment yield in effect at the start of an original or extended maturity period is guaranteed to the end of Series e savings bonds maturity original or extended Series e savings bonds maturity period.
The guaranteed minimum investment yield for Series E bonds is 4 percent, compounded semiannually, beginning with extended maturity periods starting on or after March 1,unless the guaranteed minimum is changed prior to the beginning of an extended maturity period. Originally issued for a fixed term of 10 years, E bonds were granted interest extensions that brought their interest-bearing lives to 30 or 40 years, dependent upon the issue date of the bond.
Some Series E bonds continue to earn interest today, although the last E bonds will stop earning interest in E Bonds issued May - November earn interest for 40 years and were granted three year extended maturity periods. E Bonds issued December - June earn interest for 30 years and were granted two year extended maturity periods. A Series E Savings Bond can be redeemed at a financial institution like a bank at any time at the most recent semiannual accrual value.
This offer is no longer in effect. Use our Savings Bond Calculator to find out exactly what your bonds are worth before you cash them in! Series E Bond interest is reportable for Federal income tax purposes for the year in which the Series E bonds are redeemed, reach Series e savings bonds maturity maturity, or are cashed in, whichever occurs earliest. Alternatively, a bond owner was able to elect to report Series E interest as it accrues. Series E bond holders who elected to defer reporting interest accruals for Federal income tax purposes can continue the deferral as long as accrued Series E bond interest is included in the purchase price face or par amount of Series HH bonds received in exchange.
Jan - Nov E Bond Information Links. Series EE savings bonds mature at different times and dates largely because interest rates change. Learn how to calculate maturity dates and. Please note that the Savings Bond Calculator WILL: Calculate the value of a bond based on the series, denomination and issue date entered.
Store savings. The first modern U.S. Savings Bonds were issued into replace United States Postal Service Bonds.