Series E bond

(redirected from Series EE Bonds)

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 ?
Series EE bonds issued from May 2017 through October 2017 earn todays announced rate of 0.10%.
* 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.
We cashed out most of the Series EE bonds we had saved during the previous seven years--a thrilling $10,000!--and bought Tennessee 529 units.
The special tax benefits available for education savings with Series EE bonds also apply to Series I (inflation-indexed) savings bonds, provided the requirements set forth below are satisfied.
2005, Series EE bonds issued on or after May 1, 2005, earn a fixed rate
Furthermore, a comparison of Series EE bonds to the newer Series I bonds showed that I bonds have yielded higher interest rates since their inception in September, 1998.
Series EE bonds, however, must be held for at least 12 months, and a three-month interest penalty applies to redemptions taking place less than five years from purchase.
Treasury series EE bonds and I bonds to help clients make savings bonds a part of their investment strategy.
Series EE bonds, and individual stocks [Wal-Mart (NYSE: WMT) and United Parcel Service Inc.
Is it worth purchasing Series EE bonds? At present, they mature after 17 years, although they can be extended for an additional 13.
Series EE savings bonds sold through financial institutions will be specially inscribed with the legend "Patriot Bond." The legend will also appear on Series EE bonds available at the Bureau of the Public Debt's Savings Bond Direct Website, www.publicdebt.treas.gov.
Series HH bonds are current income bonds obtained in exchange for eligible Series E or Series EE bonds or savings notes and pay interest twice a year through ACH transfers to the owner's designated account at a depository institution.