Financial Investment Information On Series Ee Savings Bonds by anamaulida


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                 <p>Savings Bonds are available to purchase in different
kinds. One type is the Series EE Savings Bond. You can handle everything
involved with this <a rel="nofollow"
href="">investment</a> online,
including purchasing, redeeming, or managing them. With the help of the
internet comes many conveniences.<br><br>If there are any questions you
have about savings bonds you can find them online from several different
sites available. You can receive information on the different types and
what the differences are between them, you can also find the interest
rates and find out how much your savings bonds are worth.<br>       <!--

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The Series EE Savings Bonds are purchased at half of their face value.
For example, you can buy a bond worth $100 for the amount of $50. The
maximum amount you may purchase in one calender year is $5000. The bonds
that are purchased now have a twenty year maturity for them from the date
they were issued. They will double in their value in the twenty
years.<br><br>As with the Series I Savings Bonds they need to be at least
one year old before you can cash them in except under certain
circumstances. If they are cashed in before at least five years of
issuance then you will receive a penalty of the last three months
interest. Interest on these types of savings bonds are at a fixed rate.
The value increases every month and is compounded
semiannually.<br><br>There are certain restrictions on who can own
savings bonds. Some of these restrictions are, you must reside in the
United States, if you do not live in the United States you have to a
citizen and have a U.S. Address on record, regardless of where you reside
you can own them if you are a civilian employee, and minors are allowed
to own them.<br><br>The interest earned on your savings bonds needs to be
reported on your federal and state tax returns. This can be done in two
different ways. These are cash and accrual basis. You can report the
interest when you redeem them or on a yearly basis. If you choose to do
this on a yearly basis you must continue to this every year and on all of
your accrual-type securities.</p>                <!--INFOLINKS_OFF-->

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