Savings Bonds
CCU offers savings bonds as another option for saving for your children's college or for your retirement. They also make a great gift for any occasion.
Backed by the U.S. Treasury, savings bonds can also be replaced if lost or stolen.
- Series I Bonds
- Series EE Bonds
Series I Bonds
- Accrual-type Savings Bond (redemption value increases periodically)
- Issued at face value
- 30-year final maturity
- May be tax exempt when used for college tuition (consult your tax advisor)
- 1099 INT (tax form) issued for each bond redeemed earning over $10.00 in interest
- Additional information regarding Series I Bonds, including ordering instructions, is available from the U.S. Department of the Treasury
Series EE Bonds
- Accrual-type Savings Bonds (redemption value increases periodically)
- Issued at half the face value
- 30-year final maturity
- May be tax exempt when used to pay college tuition (consult your tax advisor)
- 1099 INT (tax form) issued for each bond redeemed earning over $10.00 in interest
- Additional information regarding Series EE Bonds, including ordering instructions, is available from the U.S. Department of the Treasury
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