cashing savings bonds cul
The EE can be purchased at many financial institutions, both local and online, and through your employer's payroll savings plans. The bonds come in eight denominations if purchased through a financial institution or your savings plan, they include: $50, $75, $100, $200, $500, $1,000, $5,000 and $10,000. If you purchase the bond online, there is a $25 denomination available.
You will pay half of the face value on paper EE Bonds. For example, a $50 bond will cost you $25. Electronic bond are purchased at their face value. It isn't better to buy one over another because you only earn interest on the amount you paid for the bond unclaimed savings bonds
If you buy a $200 paper EE Bond for $100, and someone buys a $100 electronic bond for $100, you will both receive the same amount of interest. It is based on the amount you have paid. But if the other person buys an electric bond with a $200 face value, you will be receiving half the interest that they do.
There isn't any inflation protection built into the bond, but on average, the bond has a history of doing 2% better than inflation on an annual basis. That was before it was switched to a fixed rate. Now be aware that there is absolutely no inflation protection expected.
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