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Public Debt Announces New Savings Bonds Rates, Series I to Earn 1.76%, Series EE to Earn 0.20%

FOR RELEASE AT 10:00 AM

November 1, 2012

WASHINGTON -- The Bureau of the Public Debt today announced earnings rates for Series I Savings Bonds and Series EE Savings Bonds, issued from November 2012 through April 2013. Earnings rates for I bonds and fixed rates for EE bonds are set each May 1 and November 1. Interest accrues monthly and compounds semiannually. Bonds held less than five years are subject to a three-month interest penalty. Both series have an interest-bearing life of 30 years; the EE bond fixed rate applies to a bond’s 20-year original maturity.

More Information
Treasury ended sales of paper savings bonds through financial institutions as of January 1, 2012. Electronic savings bonds in Series EE and I will remain available for purchase in TreasuryDirect®, a secure, web-based system operated by Public Debt where investors have been purchasing savings bonds, available 24/7, since 2002. Those currently holding paper savings bonds can continue to redeem them at financial institutions. Bonds, which have not matured, but were lost, stolen or destroyed, can be reissued in paper or electronic form. Series I paper savings bonds remain available for purchase using part or all of one's tax refund. For more information on this feature, visit www.irs.gov.

To find more information on savings bonds and which ones are still earning interest, visit Public Debt’s website www.treasurydirect.gov. The Savings Bond Calculator and Savings Bond Wizard® tools, which are helpful for calculating redemption values, also can be found on the site. The website provides information and instructions for opening an on-line account to purchase electronic savings bonds and Treasury marketable securities: bills, notes, bonds and TIPS (Treasury Inflation Protected Securities).