Where to get savings bonds

Savings Bonds go digital. Explore our interactive timeline to learn about their rich history. Department of the Treasury, Bureau of the Fiscal Service. EE bonds purchased between May and April 30, , earn a variable rate of interest. Interest is added to an EE bond monthly and paid when you cash the bond.

Paper bonds were sold at half the face value; i. Electronic bonds purchased via TreasuryDirect are sold at face value; i. At 20 years, a bond we sell now will be worth twice what you pay for it. The types of savings bonds available for purchase have changed over the years. For example, Series HH savings bonds are no longer sold. Series EE savings bonds earn a fixed rate of interest each month for up to 30 years.

The rate for new bonds is announced by the Treasury each year on May 1 and November 1. EE bonds purchased before May have variable interest rates. Savings bonds earn interest for 30 years, but rates are relatively low. In May , the U. Department of Treasury declared a 0. These rates are comparable to the interest you can earn on some savings accounts but lower than that of some certificates of deposit and money market accounts.

Interest earned on savings bonds is exempt from state and local taxes, and federal income tax is deferred until you cash in your bond or it matures — whichever happens first. If you plan to use savings bonds to pay for qualified education expenses, you may get additional federal tax benefits.

The longer you wait to cash in your savings bond, the more your money will grow. Savings bonds continue to grow in value until they reach maturity at 30 years. You can request full or partial redemptions. Personal Personal Overview Assistance for Eastern Bank Customers As part of the assistance available to existing Eastern Bank customers, we are offering additional support, reviewed upon request, on loans like mortgages, home equity or small business loans, as well as fee waivers for both Eastern Bank personal and small business deposit accounts.

Mobile-friendly financial assistant built for and by business leaders like you Get simple and actionable views, timely insights and projections to manage your business. Investor Relations For investor news, click here. Login Personal. Sign In. Savings Bonds. An online resource provided through the United States Treasury Department.