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Series EE bonds are savings bonds that pay interest
when they are redeemed. Investors purchase them for less than their face values
and let them build up to full face value at maturity. The maximum face value
possible is $30,000. Series EE bonds can be purchased at banks or through payroll
deduction plans.
Series HH bonds are savings bonds that are sold at
their face values in exchange for mature EE bonds. They pay semi-annual interest.
The denominations range from $500 to $10,000. Maturities range from ten to twenty
years.
Series I bonds also are sold at their full face value,
beginning with a minimum denomination of $50. Other denominations are $75, $100,
$200, $500, $1,000, $5,000, and $10,000. Like Series EE bonds, you receive the
interest earned when you cash the bond. I bonds earn interest for 30 years.
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