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Bonds 110: US Savings Bonds

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1.
To qualify for the tax exclusion offered through the Education Bond Program, you must _______.
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Be at least 24 years old at the time you purchase the bond. To qualify for this program, an adult age 24 or older must buy the bonds.
2.
If you lose a savings bond, which of the following documents is the least likely to help you replace it?
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Your library card. If you lose your savings bond, the government will often replace it if you can provide the serial number, issuance date, address, and Social Security number of the owner.
3.
The Series I savings bond combines a fixed interest rate with _______.
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An adjustable rate based on inflation. The purpose of this is to provide a return that keeps pace with inflation.
4.
You can purchase a maximum of $10,000 in series EE bonds in a single calendar year.
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True. You may buy up to a face value maximum of $10,000 in series EE bonds annually.
5.
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.
6.
You can purchase a savings bond at ________.
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TreasuryDirect. You can buy a savings bond online at this location.