Bureau of the Public Debt Announces Series EE Savings Bond Rate For May Through October 1999
FOR IMMEDIATE RELEASE
May 3, 1999
The Bureau of the Public Debt announced today the rate for Series EE savings bonds issued on or after May 1, 1997.
SERIES EE SAVINGS BOND RATE: 4.31%
The 4.31 percent Series EE savings bond rate is in effect for bonds issued on or after May 1, 1997, that enter semiannual earnings periods from May through October 1999. The rate is 90 percent of the average 5-year Treasury securities yields for the preceding six months. A new interest rate is announced effective each May 1 and November 1. A 3-month interest penalty is applied to these bonds if redeemed before five years. The Series EE bonds on sale now increase in value monthly. The bond's interest rate is compounded semiannually.
SERIES EE BONDS ISSUED BEFORE MAY 1997
The 3.91 percent Short-Term Series EE savings bond rate is in effect for bonds issued from May 1995 through April 1997 for bonds that enter semiannual earnings periods from May through October 1999. See the Earnings Report for earnings on Series EE bonds issued from January 1980.
MATURED SERIES E SAVINGS BONDS AND SAVINGS NOTES
Series E savings bonds and Savings Notes continue to reach final maturity and stop earning interest. Bonds issued from May 1941 through April 1959 along with those issued from December 1965 through April 1969 have stopped earning interest. Savings Notes, issued from May 1967 through April 1969 have stopped earning interest. Bonds and Notes with issue dates shown here will reach final maturity in the next six months.
| Bond/Note Issue Dates | Bonds/Notes Stop Earning Interest |
|---|---|
| May 1959 through October 1959 | May 1999 through October 1999 |
| May 1969 through October 1969 | May 1999 through October 1999 |
MORE INFORMATION
The latest United States Savings Bonds/Notes Earnings Report and other useful information about savings bonds is available at Public Debt's Internet website at www.savingsbonds.gov. Download the new Savings Bond Wizard version 2.01 an easy-to-use program that lets you keep track of all your savings bonds, calculate the value of your portfolio, and more. The Earnings Report, which contains rate and yield information for Series E &EE bonds and Savings Notes, is also available by mail from Public Debt. Send a postcard asking for “Earnings Report” to Bureau of the Public Debt, 200 Third Street, Parkersburg, WV 26106-1328.