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Article: SERIES I SAVINGS BONDS TO EARN 4.28 PERCENT, SERIES EE TO EARN 3.00 PERCENT FIXED RATE, WHEN BOUGHT FROM NOVEMBER 2007 THROUGH APRIL 2008
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 1, 2007
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The U.S. Department of the Treasury's Bureau of Public Debt issued the following news release:
The Bureau of the Public Debt today announced an earnings rate of 4.28% for Series I Savings Bonds, and a fixed rate of 3.00% for Series EE bonds, issued from November 2007 through April 2008. 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 4.28%, Fixed Rate 1.20%
The earnings rate ...