Income Beginner: US Savings Bonds

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Why was the Series I bond created?
Choose wisely. There is only one correct answer.
To provide a rate of return that keeps pace with inflation. The rate changes periodically, based on inflation.
2.
You can still purchase series HH savings bonds.
Choose wisely. There is only one correct answer.
False. You can no longer purchase series HH bonds.
3.
One advantage of savings bonds is _______.
Choose wisely. There is only one correct answer.
The small minimum purchase required. You can buy savings bonds in amounts as low as $25.
4.
Jan owns $3,300 worth of series EE bonds that will mature soon. She can _______.
Choose wisely. There is only one correct answer.
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.
You can replace a lost savings bond by sending the appropriate form to _______.
Choose wisely. There is only one correct answer.
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.
6.
If you invested in a Series EE bond in 1998, you can keep your initial investment earning interest in a tax-sheltered bond until ______.
Choose wisely. There is only one correct answer.
2028. Your Series EE bond will earn interest for 30 years.