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Series HH Savings Bond
(redirected from HH Bond)

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Series HH Savings Bond
In the United States, a formerly-issued savings bond, exempt from state and local taxes, with an interest rate fixed for 10 years. These bonds paid par upon maturity, which was 20 years after issue. They were non-transferable and must either have been held or redeemed. Very often, the interest rate dropped to 1.5% after 10 years, which rarely kept pace with inflation. Series HH bonds were discontinued in 2004. See also: Series H bond.

Series HH savings bond
A U.S. Treasury obligation issued in multiples of $500 that pays interest every six months. The security has a maturity of ten years but may be redeemed after being held six months. This security has not been as popular as the Series EE bond. Now it may be obtained only by swapping the Series EE at its maturity.


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Box 7012, Parkersburg, WV 26106 for series E, EE and I bonds; for H and HH bonds, send it to P.
The interest rate will change to the current HH Bond rate on the 10 th anniversary of its issue date.
YOU CAN NO LONGER REINVEST YOUR HH/H BONDS OR EXCHANGE YOUR EE/E BONDS FOR HH BONDS
 
 
 
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