Savings Bonds

U.S. Savings Bonds are going paperless!   Paper Series EE and I Savings Bonds will no longer be sold through financial institutions or mail-in orders after December 31, 2011. Savings bonds aren’t going away, though. You can purchase electronic savings bonds online through TreasuryDirect at: www.treasurydirect.gov.

Existing paper savings bonds are valid issues of the Treasury Department and will earn interest for 30 years from the issue date or until redeemed. You can still redeem paper bonds at any Community 1st Credit Union location. You also can convert your paper savings bonds to electronic savings bonds in TreasuryDirect using a program called SmartExchange. There's no charge to convert paper bonds. No earned interest will be lost, and the bonds will keep their original issue dates and current interest rate terms.

Series EE Bonds are reliable, low-risk government-backed savings products that you can use toward financing education, retirement income, birthday and graduation gifts, and other special events.

• Savings Bond Denominations:
  • $50
  • $75
  • $100
  • $200
  • $500
  • $1,000
  • $5,000
  • $10,000
• EE bonds are issued at 50 percent of face value (a $50 EE bond costs $25)
• There is a $5,000 maximum purchase in one calendar year
• Savings Bonds earn interest up to 30 years
• (Your investment is available to you earlier if you need it)
• C1st redeems Series E, EE, I, and H Savings Bonds
• Interest is paid when you redeem the bond, with the exception of Series H savings bonds.
  • If you redeem the bond in the first five years, you'll forfeit the three most-recent months' interest.
  • If you redeem them after five years, you won't be penalized.

Bond interest rates are determined by the U.S. Treasury Department. Check out www.treasurydirect.gov for rate and bond value information.