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Effective November 1, 2016, Series EE savings bonds issued November 2016 through April 2017 will earn an annual fixed rate of 0.10% and Series I savings bonds will earn a composite rate of 2.76%, a portion of which is indexed to inflation every six months. The EE bond fixed rate applies to a bond’s 20-year original maturity. Bonds of both series have an interest-bearing life of 30 years.
Rates for savings 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.
For more information visit the below link to learn more…
http://www.treasurydirect.gov/indiv/indiv.htm
Daniel Iuculano, AAMS CMFC
Accredited Asset Management Specialist
Chartered Mutual Fund Counselor
