Series HH savings 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.
References in periodicals archive ?
After conversion, they will receive semi-annual interest payments from the Series HH bonds, which must be included on their returns.
More information about Series HH bonds and the exchange transaction can be found on the Bureau's website, http://www.
Series HH bonds are current-income securities that do not increase in value.
When Series HH bonds are issued, the rate is fixed and can be reset every 10 years.
Treasury's savings bond offerings today consist of series EE bonds, the interest earnings on which accrue until the bond matures or is redeemed, and series HH bonds, which are obtained in exchange for series E or series EE bonds and pay interest twice per year, via ACH, to the owner's designated depository institution.
The fiscal 2011 series HH bonds are scheduled for negotiated sale the week of June 13.
89% of principal amount and all outstanding Series HH Bonds on February 1, 1997 at the redemption price of 107.
The series HH bonds rank on parity with first lien, $201.
0 million Taxable Student Loan Revenue Bonds, Senior Series HH Bonds are rated "AAA" by Fitch.
250% < 13,660,000 Partial < < < 24,035,000 < < < Series HH Bonds 7/1/2008 < < 4.