 EnerGComm FCU sells and redeems U.S. Savings bonds. Series EE savings bonds are a popular gift purchase for birthdays, holidays and other special events. Gift certificates are available and are especially useful for the last-minute gift situations when there is not enough time to permit delivery of the bond prior to the special event.
New Series EE bonds, those issued beginning in May 1997, earn 90 percent of 5-year Treasury rates. This means savers are rewarded with higher rates right from the start! This encourages investors to save for longer term goals like education or retirement. To encourage investors to hold bonds and still keep them one of the most liquid investments around, a 3-month loss of interest will apply to bonds cashed in before five years. This means if you decide to cash a bond after 18 months, you'll get 15 months' worth of interest. Once a bond is five years old, there is no penalty. This assures longer-term bond holders, they will benefit from higher 5-year rates over the full life of the bond.
For current rate information call 1-800-4US-BOND (1-800-487-2663) or check out the web site at this address: http://www.savingsbonds.gov. If you have any questions about our Savings Bond program, please call the Credit Union. |
