Income Beginner: US Savings Bonds

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1.
You can still purchase series HH savings bonds.
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False. You can no longer purchase series HH 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.
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.
4.
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.
5.
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.
6.
You can purchase a savings bond at ________.
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TreasuryDirect. You can buy a savings bond online at this location.