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Safety: U.S. savings bonds are issued directly by the Treasury and backed by the U.S. government. Taxes: Only federal income tax applies to savings bonds, not state or local taxes (unless your ...
You can cash in savings bonds at your local bank or through the U.S. Department of the Treasury. Here are two ways to cash them: Paper Bonds: Present the bond and an acceptable form of ...
Paper savings bonds: If your bank cashes paper savings bonds, you can bring yours to a branch to redeem them. You can also cash in paper bonds by sending them to Treasury Retail Securities ...
$50 Series EE savings bond featuring George Washington. Series EE bonds are guaranteed to double in value over the purchase price when they mature 20 years from issuance, though they continue to earn interest for a total of 30 years. Interest accrues monthly, and is compounded semiannually, that is, becomes part of the principal for future ...
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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]