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Article: SERIES I SAVINGS BONDS TO EARN 5.64%, SERIES EE TO EARN 1.30% FIXED RATE, WHEN BOUGHT FROM NOV. 2008 THROUGH APRIL 2009

Article from:
US Fed News Service, Including US State News
Article date:
November 3, 2008
Copyright

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 5.64% for Series I Savings Bonds, and a fixed rate of 1.30% for Series EE bonds, issued from November 2008 through April 2009. Earnings rates for I bonds and fixed rates for EE bonds are 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. 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 5.64%, Fixed Rate 0.70%

The earnings rate ...

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