What is the current interest rate on Series EE bonds on Series I bonds?

What is the current interest rate on Series EE bonds on Series I bonds?

0.10%
Effective today, Series EE savings bonds issued May 2022 through October 2022 will earn an annual fixed rate of 0.10%. Series I savings bonds will earn a composite rate of 9.62%, a portion of which is indexed to inflation every six months.

Which bonds are better EE or I?

EE Bond and I Bond Differences The interest rate on EE bonds is fixed for the life of the bond while I bonds offer rates that are adjusted to protect from inflation. EE bonds offer a guaranteed return that doubles your investment if held for 20 years. There is no guaranteed return with I bonds.

Which savings bond is better EE or I?

EE Bond and I Bond Differences EE bonds offer a guaranteed return that doubles your investment if held for 20 years. There is no guaranteed return with I bonds. The annual maximum purchase amount for EE bonds is $10,000 per individual whereas you can purchase up to $15,000 in I bonds per year.

What type of savings bond is best?

Series I Savings Bonds are the best overall because their earnings adjust with inflation, come in both paper and electronic forms, and may avoid Federal taxation when used to pay for education.

What are EE bonds worth?

Rates & Terms Paper bonds were sold at half the face value; i.e., you paid $25 for a $50 bond. Electronic bonds purchased via TreasuryDirect are sold at face value; i.e., you pay $25 for a $25 bond. At 20 years, a bond we sell now will be worth twice what you pay for it.

What is the difference between EE bonds and I Bonds?

What is the difference between EE and I bonds? EE bonds we sell today earn a fixed rate of interest and, regardless of rate, are guaranteed to double in value in 20 years. I bonds we sell today earn a variable rate of interest that’s tied to inflation; as inflation occurs, the value of the bond goes up.

Which type of savings bond is best?

What is the difference between EE and I bonds?

What type of bonds are they?

Should you invest in Series EE bonds?

When you choose Series EE bonds, you have the opportunity to double your investment if you hold them for 20 years. However, the nominal rate is often less than what you’d see with the best online savings accounts. Realize, too, that you can only purchase Series EE bonds through Treasury Direct.

How do you cash a series Ee bond?

Cash in after the mandatory 1-year period unless you’ve been affected by a disaster.

How much is a series Ee worth?

Series EE Bonds are the most popular savings bonds given by the U.S. government, the paper form of EE bonds mirrors an assumed value the bond will be worth in the next 20 years. So if the bond says $100 on the front, it sells initially for $50. In 1994, U.S. Series EE bonds were available to be purchased in such a way.