The electronic forms of US Savings Bonds are issued by TreasuryDirect, which is an online services provider under the U.S. Department of Treasury. These are basically non-marketable securities and usually are not traded in the secondary market. For US Savings Bonds, coupon rates are not applicable. Interest is paid to the bondholders on a compounded interest basis. It is not compulsory to inform the earnings received from US Savings Bonds to the IRS or Internal Revenue Service unless they are redeemed in full. Simply due to this reason, US Savings Bonds are considered as a form of tax-deferred investments.
Following are the different types of US Savings Bonds:
- A Bond: The series A Bonds were marketed in the month of March, 1935
- B Bond: The series B Bonds were issued in the year 1936
- C Bond: The series C Bonds were issued both in 1937 and 1938
- D Bond: The series D Bonds were marketed from 1939 thru the month of April, 1941
- E Bond: The series E Bonds were introduced in the month of May, 1941
- EE Bond: The series EE Bonds were issued for substituting the series E Bond in the year 1980.
- HH Bond: They do not exist since the month of September, 2004
- I Bond: Series I Bonds were issued in the month of September, 1998
- Patriot Bonds: These are forms of series EE Savings Bonds issued in the month of December, 2001
| BOND SERIES | Rate of prior period (From: May 1st, 2007 thru Oct 31st, 2007) | Current rate if purchased between Nov 1st, 2007 and April 30th, 2008 | Change from prior 6 month period |
| Series EE Bonds **: | 3.40% | 3.00% | -0.4% |
| Series I Bonds **: | 3.74% | 4.28% | + 0.54% |
| Series I Bond Fixed Rate: | 1.30% | 1.20% | -0.1% |
| Series HH Bonds: | 1.5% | 1.5% | ---% |
| Series E Bonds: | Varies from 3.98% to 6% | --- | Varies |
The new US Savings Bond interest rates will be declared on 1st May 2008.
