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Series EE bonds and Series I bonds have a life of 30 years and cease accruing interest after maturity, but they can be redeemed any time after 12 months from purchase. Treasury has the authority to waive the 12-month holding period for bondholders residing in areas of natural disaster. [ 17 ]
The main advantage of savings bonds is that they let you invest very small amounts of money -- as little as $25. That makes it a convenient way for even low-income workers to save.
You can purchase up to $10,000 worth of electronic I bonds each year when purchased with your tax refund. After January 1, 2025, you can no longer use your tax refund to buy paper I Bonds.
Purchase limits: Individuals are limited to how much they can invest in savings bonds — $10,000 a year in each series and $5,000 a year for paper Series I bonds. How to cash in savings bonds
However, the switch to electronic bonds did not significantly impact overall bond sales, as reported by the Government Accountability Office in 2015: "the decline in savings bond purchases after Treasury discontinued the sale of paper savings bonds in January 2012 was consistent with the overall long-term decline in savings bond purchases". [1 ...
Few securities are more old-school economy than U.S. savings bonds -- or more comforting in times of inflation and economic distress. As the current inflation rate soars to highs not seen since the...