Savings Bonds are low risk, government-backed savings products. Savings bonds are backed by the full faith and credit of the U.S. Government and mailed within 15 days of purchase by the Federal Reserve Bank. Bonds may be cashed for up to $1,000 for non-customers with a valid ID and be reissued for $10.00 plus $0.25 per bond including postage. For rates and maturity dates, call 1-800-US-BONDS or go to www.SavingsBonds.com†.
Series EE Bonds
The Series EE Bond is an appreciation-type security that is purchased for 50% of the bond's face amount. Face values range from $50 to $10,000 at a cost of $25 to $5,000.
Series I Bonds
The Series I Bond is purchased at face value and grows with inflation-protected earnings for up to 30 years. Face value range from $50 to $10,000.
These bonds may be redeemed as early as 12 months after the issue date but if you cash them in before 5 years, you will forfeit 3 months of interest.
A bond may be purchased at any Citizens location.