Savings Bonds
Savings bonds offer many advantages such as competitive rates, safety, affordability,
accessibility, covenience, investment potential, and tax advantages.
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Interest earned on savings bonds are exempt from all state and local income taxes.
Interest on a savings bond accrues monthly and compounds semiannually. Federal income
taxes on earnings are deferred until savings bonds are redeemed or reach final maturity,
30 years from purchase date.
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Savings bonds are completely insured by the United States. Owners cannot lose their
principal or interest earned because of market or inflationary conditions. Savings
bonds are registered securities. Savings bonds can be replaced free of charge if
they're lost, stolen, or destroyed as long as Treasury records show that they have
not been cashed.
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Savings Bonds are very affordable and can make excellent presents. Customers can
buy Series EE savings bonds for as little as $25. Series EE Bonds are purchased
for one half of face value and 1 Bonds are purchased at face value for as little
as $50.
Both Series 1 and EE Bonds are available in the following denominations:
- $50
- $75
- $100
- $200
- $500
- $1,000
- $5,000
- $10,000
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Savings Bonds can be redeemed at the end of their minimum holding period. This gives
members access to their money whenever they want or need it.
Bonds owners can redeem their bonds at any of the thousands of financial institutions
that are qualified as paying agents. |
Why buy a savings bond?
Retirement, Wedding, College, House, Car, Rainy Day, Emergency, Boat, Vacation,
Gifts, (Graduation, Birth, Wedding, Birthday)
Purchase your Savings Bonds from Heritage South Credit Union today!
Do you want to know more about our Savings Bonds?
Please call us at 256/245.4776 or
click here to fill out our secure online request form |
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