
Published:Thu, 17 Dec 2009 06:04:14 GMT
WASHINGTON (AP): In a striking reversal of its attempts to unwind the governments financial stakes in big banks, the Treasury Department is backing out of plans to sell its 34 per......
Published:Thu, 17 Dec 2009 00:49:27 GMT
Whats Your Reaction? The Treasury Department is backing off its plans to help Citigroup free itself from partial government ownership after the markets priced Citis shares below T......
Published:Wed, 16 Dec 2009 14:12:52 GMT
WASHINGTON -- The U.S. Department of the Treasury announced today that it priced a secondary public offering of 3,199,988 warrants to purchase common stock of TCF Financial Corpor......
Published:Thu, 17 Dec 2009 05:03:45 GMT
Tepid investor interest changes Treasurys mind about selling 34 percent Citi stake just yet......
Published:Wed, 16 Dec 2009 15:22:38 GMT
The Treasury Department has received $9.45 million in the sale of warrants it had received from TCF Financial Corp. as part of the support the government provided the bank during ......
Series I Savings Bonds Information
Series I Bonds are considered a low-risk, liquid savings product. While you own them they earn interest and protect you from inflation. You may purchase I Bonds through Treasury Direct, at most local financial institutions or through payroll deduction. If you are a Treasury Direct account holder, you can purchase, manage, and redeem I Bonds directly from the Internet.
If you buy Paper I Bonds:
Sold at face value; i.e., you pay $50 for a $50 bond.
Purchased in denominations of $50, $75, $100, $200, $500, $1,000, and $5,000.
$5,000 maximum purchase in one calendar year.
Issued as paper bond certificates.
If you buy I Bonds through Treasury Direct:
Sold at face value; you pay $50 for a $50 bond.
Purchased in amounts of $25 or more, to the penny.
$5,000 maximum purchase in one calendar year.
Issued electronically to your designated account.
You can cash your Series I bonds anytime after 12 months. You receive the original purchase price plus interest earnings. I Bonds are meant to be longer-term investments; if you redeem an I Bond within the first 5 years, you'll lose your last 3 months interest. For example, if you redeem an I Bond after 18 months, you'll receive the first 15 months of interest.
I Bonds increase in value on the first day of each month, and interest is compounded semiannually based on each I Bond's issue date. An I Bond's issue date is the month and year in which an I Bond issuing agent receives the full issue price.
What is the difference between I and EE Bonds?
The largest most significant difference between the I and EE Bonds is the rate you receive on your bonds. Rates for EE Bonds are calculated as 90% of 6-month averages of 5-year Treasury Securities market yields, while rates for I Bonds are calculated by combining fixed rates of return and semi-annual inflation rates based on the CPI-U.

