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Both types of bonds are sold at face value — in amounts between $25 and $1000 — and you can purchase up to $10,000 in bonds each year. ... Paper bonds must be cashed in full; partial ...
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
For paper Series I Savings Bonds purchased through IRS tax refunds the purchase limit was $5,000, in addition to the online purchase limit. [ 20 ] Individuals who own either type of bond must have a Social Security number and be either a United States citizen, a legal United States resident, or a civilian employee of the United States ...
The U.S. Treasury stopped issuing most paper savings bonds in 2012 (with the exception of taxpayers who use some of their tax refund to purchase paper bonds), but they never expire and there’s ...
Discontinued paper Series EE savings bond from 1983, with serial number in punched card format. Treasury stopped selling paper Series EE and I savings bonds on December 31, 2011, requiring people to use the TreasuryDirect website to purchase them, except for paper Series I bonds purchased using a tax return. [8]
In 2002, the Treasury Department started changing the savings bond program by lowering interest rates and closing its marketing offices. [23] As of January 1, 2012, financial institutions no longer sell paper savings bonds. [24] Savings bonds are currently offered in two forms, Series EE and Series I bonds.