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Bonds 110: US Savings Bonds

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1.
Savings bonds are accessible to many people, since they are available online and are affordable, having a low minimum purchase price and _______.
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No seller's commissions. There are no fees or commissions added to the purchase prices of savings bonds.
2.
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.
3.
You can still purchase series HH savings bonds.
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False. You can no longer purchase series HH bonds.
4.
Jan owns $3,300 worth of series EE bonds that will mature soon. She can _______.
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Redeem her bonds, but she can no longer exchange them for Series HH bonds. Series HH bonds have not been available for sale or exchange since 2004.
5.
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.
6.
The tax advantages of Series EE and Series I bonds include all of the following except _______.
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No federal tax on earnings. Unless the bonds are owned by your child or special exclusions for educational expenses apply, you must pay federal taxes on the earnings of your Series EE and Series I bonds. You do not need to pay state or local taxes, however.