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Series EE bonds are savings bonds that pay
interest when they are redeemed. Investors purchase them for less
than their face values and let them build up to full face value at
maturity. The maximum face value possible is $30,000. Series EE
bonds can be purchased at banks or through payroll deduction
plans.
Series HH bonds are savings bonds that are sold at
their face values in exchange for mature EE bonds. They pay
semi-annual interest. The denominations range from $500 to $10,000.
Maturities range from ten to twenty years.
Series I bonds also are sold at their full face value, beginning with a minimum denomination of $50. Other denominations are $75, $100, $200, $500, $1,000, $5,000, and $10,000. Like Series EE bonds, you receive the interest earned when you cash the bond; however, you must hold an I bond at least six months. I bonds earn interest for 30 years.
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