Series I bonds and EE bonds are popular U.S. savings bonds that offer a safe way to save. Choosing between the two can be difficult. The best place to start is to gain an understanding of the ...

The U.S. Department of the Treasury sells two types of savings bonds: Series EE and Series I. Previously, there were also Series HH savings bonds, but they were discontinued in 2004. Below ...

Both types of savings bonds — Series EE and Series I — are "zero coupon," which means they pay interest only when they're redeemed. Savings bonds tend to offer lower returns than stocks and ...

a $50 Series EE bond may cost $25. Bonds accrue interest, and your gains are compounded, meaning that interest is earned on interest. Savings bonds work by paying interest, and the earned interest ...

Savings bonds come in two versions: Series EE and Series I. Series EE: These bonds have a fixed interest rate for the life of the bond. Series I: These bonds earn interest at a composite rate that ...

So, if Jill owned a bond from 2020 to 2024 before relinquishing it to Amy, who has owned it since, Jill must pay the taxes on the interest accrued between 2020 and 2024, and Amy must pay the taxes on ...

Savings bonds are low-risk investments backed by the U.S. government. Series EE and Series I savings bonds are both currently available for purchase from the U.S. Treasury. Interest from savings ...

Robert Farrington writes about higher education and student loans. Series I Savings Bonds, or simply “I-Bonds”, have been in the news quite a bit lately with eye-catching rates. Consumers have ...

The federal tax consequences for Series EE and I U.S. savings bonds are anything but straightforward. Although the interest on these bonds is fully exempt from state and local taxes, the federal ...

Here are the pros and cons of that approach and why you might or might not want to use the Series I bond for college savings ... Series I bonds — and Series EE bonds, too — to exclude from ...

For 2024, the exclusion for Series I and EE bond interest begins phasing out ... You were already 24 or older before your savings bonds were issued. The bonds must be in your name, or in your ...