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Bonds 110: US Savings Bonds

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1.
Why was the Series I bond created?
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To provide a rate of return that keeps pace with inflation. The rate changes periodically, based on inflation.
2.
If you invested in a Series EE bond in 1998, you can keep your initial investment earning interest in a tax-sheltered bond until ______.
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2028. Your Series EE bond will earn interest for 30 years.
3.
If you redeem a Series EE savings bond that you have held for less than five years, _______.
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You will be penalized with the loss of three months' interest. This is the current penalty.
4.
You can replace a lost savings bond by sending the appropriate form to _______.
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The US Bureau of Public Debt. If you lose a savings bond, you can request Form PDF 1048 from a participating bank, credit union, or Federal Reserve bank, complete it, and return it to the Division of Transactions and Rulings of the US Bureau of Public Debt.
5.
The US government established savings bonds to _______.
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Pay for expenses related to World War II. The US government began issuing savings bonds in 1941, using movies, posters, and other media to publicize the effort.
6.
Series EE bonds, series HH bonds, and series I bonds all offer _______.
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A relatively safe investment. Savings bonds are backed by the US government and can provide a relatively safe instrument that helps provide stability to your investment portfolio.