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Article: BUREAU OF PUBLIC DEBT ANNOUNCE EARNINGS RATE OF 4.52 PERCENT FOR SERIES I SAVINGS BONDS, FIXED RATE OF 3.60 PERCENT FOR SERIES EE BONDS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 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 an earnings rate of 4.52% for Series I Savings Bonds, and a fixed rate of 3.60% for Series EE bonds, issued from November 2006 through April 2007. Earnings rates for I bonds and fixed rates for EE bonds are set each November 1 and May 1. Interest accrues monthly and compounds semiannually. Bonds held less than five years are subject to a three-month interest penalty. Both series have an interest-bearing life of 30 years; the EE bond fixed rate applies to a bond's 20-year original maturity.
I BOND EARNINGS RATE 4.52%, FIXED RATE 1.40%
The earnings rate ...