Notice:
As of September 1, 2004, investors are no longer able to reinvest HH/H bonds or exchange EE/E bonds for HH bonds.
Unlike EE bonds, HH bonds are current-income securities. You paid face value, and receive interest payments by direct deposit to your checking or savings account every 6 months until maturity or redemption.
Use HH bonds to:
Supplement retirement income
Current Rate:
1.5% (as of January 2003)
Denominations:
Were sold at face value. $500, $1,000, $5,000, $10,000
Issue Method:
Paper bond certificates
HH bonds were available only in exchange for Series EE/E bonds or upon reinvestment of matured Series H bonds. If you paid the face amount, a $500 HH bond sold for $500 and paid a fixed interest rate set on the day the bond was purchased. The interest rate changes to the current HH Bond rate on the tenth anniversary of the issue date with a minimum term of ownership lasting 6 months. The interest-earning period was 20 years
Other Securities
Treasury issued additional bond series during the early years of the Savings Bonds Program. Some of these bonds were accrual securities whose interest is added to the value of the bond. Others paid interest by check as current income. All have matured and no longer earn interest. If you have one of these older bond series, find out below how you can cash it.
Series A, B, C, D
Series A, B, C, and D were the first savings bonds issued.
Issue Dates:
Series A - March 1935 - December 1935
Series B - 1936
Series C - 1937 - 1938
Series D - January 1939 - April 1941
Issue Price:
75% face value
Maturity Period:
10 years
Current Rate:
No longer earning interest
Interest:
Paid by accrual, not taxable for bonds issued March 1935 through February 1941.
Denominations:
$25, 50, 100, 500 , 1,000
How to Redeem:
Redeem at any financial institution that cashes savings bonds
Redemption Value:
Face value
Series E
Issue Dates:
May 1941 - December 1979
Issue Price:
75% face value
Maturity Period:
40 years for bonds issued May 1941 - November 1965
30 years for bonds issue December 1965 - December 1979
Current Rate:
Find your bond's current rate here
Interest:
Paid by accrual, taxable at redemption
Denominations:
$10, 25, 50, 75, 100, 200, 500, 1,000, 5,000, and 10,000, 100,000
How to Redeem:
Redeem at a any financial institution that cashes savings bonds
Redemption Value:
Price your bonds
Series F
Issue Dates:
1941 - April 1952
Issue Price:
74% face value
Maturity Period:
12 years
Current Rate:
No longer earning interest
Interest:
Paid by accrual, taxable at redemption
Denominations:
$25, 100, 500, 1000, 5000, and 10,000
How to Redeem:
Redeem via an FRB (Federal Reserve Bank)
Redemption Value:
Face value
Series G
Issue Dates:
1941 - April 1952
Issue Price:
Face value
Maturity Period:
12 years
Current Rate:
No longer earning interest
Interest:
Paid by Treasury check every six months prior to maturity.
Denominations:
$100, 500, 1000, 5000, and 10,000
How to Redeem:
Redeem via an FRB
Redemption Value:
Face value
Series H
Issue Dates:
June 1952 - December 1979
Issue Price:
Face value
Maturity Period:
29 years, 8 months for bonds issued June 1952 - January 1957
30 years February 1957 - December 1979
Current Rate:
4% for those still earning interest
Interest:
Paid by Treasury every six months prior to maturity
Denominations:
$500, 1,000, 5,000, 10,000
How to Redeem:
Redeem via an FRB
Redemption Value:
Face value
Series J
Issue Date:
May 1952 - April 1957
Issue Price:
72% face value
Maturity Period:
12 years
Current Rate:
No longer earning interest
Interest:
Paid by accrual, taxable at redemption
Denominations:
$25, 100, 500, 1,000, 5,000, 10,000, 100,000
How to Redeem:
Redeem via an FRB
Redemption Value:
Face value
Series K
Issue Date:
May 1952 - April 1957
Issue Price:
Face value
Maturity Period:
12 years
Current Rate:
No longer earning interest
Interest:
Paid by Treasury check every six months prior to maturity.
Denominations:
$500, 1000, 5000, 10,000, 100,000
How to Redeem:
Redeem via an FRB
Redemption Value:
Face value
Savings Notes (Freedom Shares)
Issue Date:
May 1, 1967 - October 31, 1970
Issue Price:
81% face value
Maturity Period:
30 years
Current Rate:
No longer earning interest
Interest:
Paid by accrual, taxable at redemption
Denominations:
$25, 50, 75, and 100
How to Redeem:
Redeem at any financial institution that cashes savings bonds
Redemption Value:
Price your Savings Notes
Use this calculator to determine what this note is worth.
U.S. Individual Retirement Bonds
Issue Date:
January 1, 1975 - April 30, 1982
Issue Price:
Face value
Maturity Period:
About 5 years after the date of death.
Interest:
Paid by accrual, taxable at redemption
Continue to earn interest
Denominations:
$50, 75, 100, and 500
How to Redeem:
Redeem via an FRB
Can redeem first day of the month in which registered owner reaches age 70.
If death occurs before age 70, bond matures when registered owner would have reached age 70 or 5 years after date of death, whichever is earlier.
Redemption Value:
Face value plus accrued interest
U.S. Retirement Plan Bonds
Issue Date:
January 1, 1963 - April 30, 1982
Issue Price:
Face value
Maturity Period:
About 5 years after the date of death.
Interest:
Paid by accrual, taxable at redemption
Continue to earn interest
Denominations:
$50, 100, 500, and 1,000
How to Redeem:
May redeem at age 59 by owner or person recognized as entitled to act on the owner's behalf.
May be rolled over into other qualified retirement savings arrangements under the Internal Revenue Code. You may want to check with your accountant or other tax advisor regarding the tax treatment of these bonds.
Redeem via an FRB
Redemption Value:
Face value plus accrued interest
If you have additional questions about these investments, you can find the answers on rates here and on definitions here.
