Series EE bond

Series EE bond

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.
References in periodicals archive ?
Consequently, a Series EE bond purchased prior to May 1, 2005, earned a new rate of interest every six months.
print the words "Patriot Bond" on the Series EE bond. (12)
Arak and Rosenstein (2004) compared Series EE bond returns to six-month certificates of deposit (CDs), Treasury Bills and intermediate-term Government bonds over the period 1954 to 2000.
The definition of QHEEs, listed in Table 3, is more generous for Education IRAs and QSTPs than for Series EE bond redemption, in two ways.
The Series EE bond is an appreciation-type security that accrues interest for 30 years.
Likewise, those benefits targeted not to exceed high-income levels (such as the new child care credit, new education credits and IRAs, and the new Roth IRA, as well as the existing alternative minimum tax exemption, itemized deductions, personal exemptions, adoption credit and exclusion, Series EE bond exclusion, and Sec.
The Series EE bond is an appreciation-type security that is issued for an original maturity of 12 years and is available in denominations of $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000.
The Series EE bond is one of the most popular and practical investments.
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.
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.