Income Beginner: 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 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.
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.
4.
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.
5.
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.
6.
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.