Series EE savings bond

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Series EE Savings Bond

In the United States, a savings bond, exempt from state and local taxes, with a fixed interest rate. The interest is adjusted every six months and is equal to 90% of the average 5-year Treasury security yield over the six months preceding the calculation. These bonds are sold at half of face value and pay par upon maturity, which is 30 years after purchase. They must be held for at least one year, and United States Treasury guarantees that it will double in value after 20 years. They are non-transferable and must either be held or redeemed. When used to pay for college education, they are exempt from federal taxes. Series EE bonds are the successors to Series E bonds, better known as war bonds.

Series EE savings bond

A U.S. Treasury obligation that pays a variable interest rate and is sold to investors in denominations as low as $50 at a 50% discount from face value. Series EE bonds earn interest at 90% of the average yield on five-year Treasury securities for the previous six months. Bonds may be redeemed after six months early, but a three-month interest penalty is assessed for redemptions during the first five years. Federal income taxes on interest earned may be paid each year or may be deferred until the savings bond is redeemed. Interest earned on savings bonds is exempt from state and local taxation. See also Patriot Bond.
References in periodicals archive ?
Austin: Fitch Ratings has withdrawn the 'F1' underlying ratings on South Carolina Public Service Authority's (Santee Cooper) commercial paper notes series B (tax-exempt), series BB (taxable), series C (tax-exempt), series CC (taxable), series D (tax-exempt), series DD (taxable), series E (tax-exempt) and series EE (taxable).
00 percent series EE non-cumulative preferred stock.
Effective today, Series EE savings bonds issued May 2017 through October 2017 will earn an annual fixed rate of 0.
Under the public offering, the warrants consist of 17,012,000 Series CC warrants to purchase 17,012,000 shares of common stock, 34,024,000 Series DD warrants to purchase 34,024,000 shares of common stock and 34,024,000 Series EE warrants to purchase 34,024,000 shares of common stock, added the company.
Series EE and I savings bond interest from Form 8815, Exclusion of Interest From Series EE and I U.
To get MAGI, start with AGI and then add any deductions or exclusions you report for a regular contribution to a traditional IRA, student loan interest, qualified tuition and related expenses, foreign earned income, foreign housing, interest income from series EE bonds, employer-paid adoption expenses and domestic production activities.
series EE and I bond interest listed on Form 8815, plus a few ancillary items.
There is also an education-related exclusion of savings bond interest for Series EE or I Bonds purchased by an individual over the age of 24.
I couldn't get that out of my mind, so before our son's first birthday, we started buying Series EE U.
International Resource News-October 17, 2011--Alabama Power Company plans to redeem outstanding Series EE 5.
United States savings bonds (Series E before 1980 and Series EE after), including Patriot Bonds (see below) are issued on a noninterest bearing discount basis.
Currently, Series EE and Series I savings bonds are being issued.