Series E bond

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Series E bond

A local and state tax-free bond issued by the U.S. government from 1941 to 1979, which was then replaced by Series HH bonds.

Series E Bond

In the United States, a formerly-issued savings bond, exempt from state and local taxes, with a fixed interest rate. These bonds were sold at three-fourths of face value and pay par upon maturity, which was originally 10 years, but later became 30 or 40 years. They began to be issued to help finance American involvement in World War II; they were known colloquially as war bonds. They were non-transferable and must either have been held or redeemed. In 1980, the government stopped issuing Series E bonds and replaced them with Series EE bonds. For a time, Series E bonds were exchangeable for Series H or Series HH bonds, but this is no longer the case.
References in periodicals archive ?
BANKING AND CREDIT NEWS-January 18, 2016-Nationwide launches new issues of its Fixed Rate ISAs, Bonds and e-Bonds
M2 EQUITYBITES-January 18, 2016-Nationwide launches new issues of its Fixed Rate ISAs, Bonds and e-Bonds
The rates for the new issues of fixed rate e-bonds are as follows:
In a boost for savers is the Skipton BS E-Bond, has increased the rate on one-year accounts raised from 3.40% to 3.45% The Society's E-Bonds offer customers the chance to benefit from good returns over six months and one, two, three, four or five years.
E-Bonds account holders can choose to have their interest paid annually (interest is calculated daily) on 5 August, or monthly (the monthly interest rate is 0.30% below the gross* annual rate) on the 7th of the month (available next business day).
Proposals for treaty change, a new bailout fund, common eurozone bonds (or e-bonds) and stricter scrutiny of national budgets are all on the table, but there is not even consensus on how far or how fast to go with each project, diplomats tell Europolitics.
So-called E-bonds would be a joint euro zone bond backed by all its members, both weak and strong.
"We believe financial markets are likely to be disappointed by C* the overall silence regarding other proposals made in the run-up to the summit, such as the upsizing of the EFSF and E-bonds," said Frank Engels, economist at Barclays Capital.
A European Debt Agency would issue collectively guaranteed "E-bonds" to cover part of member states' borrowing at a uniform low interest rate.
The chairman of finance ministers of the 16-nation single currency area, Jean-Claude Juncker, criticised German leaders for dismissing his suggestion for "E-bonds" to deter speculation against euro zone countries without examining it properly.
Nationwide has also announced details of the following new range of e-Bonds and Fixed Rate Bonds, offering guaranteed returns for savers:
BANKING AND CREDIT NEWS-November 9, 2015-Nationwide launches new issues of fixed rate bonds and e-bonds