Series EE Bond

A Series EE bond is a type of savings bond issued by the United States government. It is a non-marketable bond, meaning that it cannot be bought or sold on the open market. Series EE bonds are sold at a discount to their face value, and they earn interest until they mature. The interest rate on Series EE bonds is fixed for the life of the bond.

Series EE bonds are a good investment for people who are looking for a safe place to put their money. They are also a good investment for people who are saving for a specific goal, such as a down payment on a house. Series EE bonds are backed by the full faith and credit of the United States government, so they are considered to be a very safe investment.

There are a few things to keep in mind when investing in Series EE bonds. First, the interest rate on Series EE bonds is not very high. The current interest rate on Series EE bonds is 0.1%. This is not a very good rate of return, but it is still higher than the interest rate on a savings account. Second, Series EE bonds are not liquid. They cannot be cashed in before they mature. This means that you should only invest in Series EE bonds if you are sure that you will not need the money for a long time.

If you are looking for a safe place to put your money and you are willing to lock it up for a long time, then Series EE bonds may be a good investment for you. However, if you are looking for a higher rate of return or if you need access to your money in the short term, then Series EE bonds may not be the best option for you.

Here are some additional details about Series EE bonds:

* Series EE bonds are available in denominations of $25, $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000.
* You can purchase Series EE bonds online, through the mail, or at a bank or credit union.
* Series EE bonds mature in 20 years. However, you can cash them in early if you need to. If you cash in a Series EE bond before it matures, you will lose some of the interest that you have earned.
* The interest on Series EE bonds is exempt from state and local taxes. However, it is subject to federal income tax.
* Series EE bonds are a good investment for people who are looking for a safe place to put their money and who are willing to lock it up for a long time.