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Article: SERIES EE SAVINGS BONDS TO EARN 3.70 PERCENT FIXED RATE FOR MAY 2006 THROUGH OCTOBER 2006 ISSUES
- Article from:
- US Fed News Service, Including US State News
- Article date:
- May 1, 2006
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The U.S. Department of the Treasury's Bureau of Public Debt issued the following press release:
The Bureau of the Public Debt today announced a fixed rate of 3.70% for Series EE Savings Bonds issued from May through October 2006. Fixed rates for future issues will be set each May 1 and November 1. Interest accrues monthly and compounds semiannually. Bonds held less than five years are subject to a three-month interest penalty. EE bonds have an original maturity of 20 years and an interest-bearing life of 30 years.
SERIES EE BONDS ISSUED FROM MAY 1997 THROUGH APRIL 2005
Series EE Bonds issued from May 1997 through April 2005 continue to earn market-based interest rates set at 90% of the ...