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The cash value of the bond will be credited to your checking or savings account within two business days of the redemption date. A minimum of $25 is required to redeem an electronic bond.
The bond will continue to earn the fixed rate for 10 more years. All interest is paid when the holder cashes the bond. For bonds issued before May 2005, the interest rate was an adjustable rate recomputed every six months at 90% of the average five-year Treasury yield for the preceding six months.
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The annual interest rate for I Bonds was 9.62% in April 2022, the highest inflation rate since this type of bond was introduced in 1998. [51] People opened 1.85 million new savings bond accounts between November 2021 and the end of June 2022. [17] In May 2022, the TreasuryDirect website crashed at least once related to increased demand. [18]
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Mrs. Wilkins registered the first library in Cornelius in 1912, which consisted of a single shelf at a local pool room. [2] The Cornelius Women's Civic Club later leased a room at the fire station, and in 1914 the city began taxing residents to pay for the library. [3] The tax rate was increased in 1916 in order to allow the library to expand. [3]
The cartoon was initially conceived to promote the sales of "defense bonds", which were renamed war bonds by the spring of 1942. [11] Between feature films, or between the feature films and the animated shorts, the lights of the movie theater came on and ushers collected donations from the audience to help finance the war effort. [12]
Cornelius is located along Lake Norman in northern Mecklenburg County. The town lies approximately 20 miles (30 km) north of Charlotte , [ 8 ] at an elevation of 742 feet. According to the United States Census Bureau , the town has a total area of 12.1 square miles (31 km 2 ), of which 11.8 square miles (31 km 2 ) is land and 0.3 square miles ...