Savings Bonds

All employees may purchase U.S. Savings Bonds through the payroll deduction savings plan. The types of bonds offered are series EE and series I bonds.

Series EE savings bonds may be purchased at half the face value, and have a full maturity date of 30 years. These bonds earn a fixed rate of return.

Series I savings bonds may be purchased at full face value and have a full maturity date of 30 years. These bonds have an annual interest rate that reflects the combined effects of a fixed rate and a semiannual inflation rate.

Both the EE and I savings bonds may be cashed at any time after they are one year old, but there is a 3 month interest penalty for cashing them less than five (5) years from their issue date.