Accessible - Savings Bonds are easily redeemable, so if you need your money unexpectedly, it s right there for you. The longer you let your bonds grow, the more you benefit, yet you can redeem them any time after six months. The interest earned on Savings Bonds is exempt from all state and local income taxes. Federal income taxes are deferred until the bonds reach final maturity, or you redeem them, whichever is first. If you qualify, using Savings Bonds to pay for qualified higher education expenses may allow you to exclude your earning from federal income taxes as well.
Actual rates vary.
Listed monthly savings is an example. If redeemed before 5 years, there is a 3-month loss of interest. I Bonds Sold at face value. Offer a real rate of return over and above inflation. New rates announced each May 1st and November 1st.