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Can series E bonds be used to pay for college books without a penalty?
Wiki User
∙ 11y ago
yes
Wiki User
∙ 11y ago
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What is a patriot bond?
Patriot Bonds are Series EE savings bonds, which are specially inscribed with the words "Patriot Bond." The Patriot Bond series will begin December 11, 2001. Bonds increase in value every month, and interest is compounded semiannually. You can cash your bond after six months. Bonds cashed before they are five years old are subject to a 3-month interest penalty.
What rates do US Saving Bonds offer?
The current interest rates of US Saving Bonds are 0.2 percent for Series EE Bonds. Series I Bonds have interest rate of 1.18 percent. Series HH Bonds have interest rate of 1.5 percent.
How do you cash in bonds?
How do you cash in U.S. Savings Bonds, Series HH?
What is the value of post 1991 collector series Barry Bonds?
whats the value of a 1991 collector series of Barry Bonds
How do you cash in war bonds?
How do you cash in U.S. Savings Bonds, Series HH?
Will a Series EE savings Bond pay interest beyond its maturity date?
Upon maturity the Series EE savings bond stops paying interest which brings up an interesting option for holders of matured savings bonds. Since the banks are paying close to zero on savings there is really no financial penalty for holding the Series EE bonds past the maturity date. In addition, federal tax on the interest earned on the savings bonds are not due until the bonds are actually cashed in which gives the holder the flexibility of shifting income to a particular year. For someone nearing retirement and holding Series EE bonds which have matured it would probably make sense to hold off on cashing in the bonds until retirement when the bond holder would probably have lower income and thus a lower tax rate.
What are some reasons why people should consider I Bonds?
I Bonds, or Individual savings bonds, also called Series I savings bonds, are savings bonds that are issued through the United States Department of Treasury. They are guaranteed to never lose value. I bonds are started with a 1 year minimum hold time, and the bond can not be released. They also have a penalty of three months of interest rate if they are redeemed before 5 years. After 5 years the penalty for redemption will end. In times of inflation the I bond will accrue interest. This interest can be earned for up to 30 years. When the bond is redeemed, let's say in 30 years, one will get the original amount invested and all of the interest accrued over the 30 years.
When i was younger my parents invested in bonds for me for college are those bonds in my name or theirs?
Ask your parents.
How many bonds can Calcium make without hybridization?
0 bonds
What bonds usually stabilize large biological molecules?
Hydrogen bonds. Collectively, they are strong enough to stabilize the characteristic structures of large biological molecules such as DNA. From the college text book "Biology: Concepts and Applications without Physiology 8th Edition".
Where can I find information about series I bonds?
There is actually a whole website dedicated to I-bonds and their terms and risks that I would definitely check out: http://www.ibonds.info/About-I-Bonds/What-Are-I-Bonds.aspx
What is the difference between war bonds and liberty bonds?
Liberty Bonds were the name given to a series of bond offerings in the United States to finance World War I. War Bonds (and Defense Bonds) were the bonds issued in the United States during WWII.
