The purchase price is half the face value of the bond. Series EE savings bonds will earn interest based on market yields for Treasury securities from purchase through maturity. The interest may be excluded from federal income tax for certain higher education expenses. The federal income tax exclusion, subject to maximum income limits, applies to educational expenses of the bond holder, spouse or legal dependent. The Series EE savings bonds currently have an original maturity of 17 years and a final maturity of 30 years.
Bonds stop earning interest at final maturity.
A letter explaining the Savings Bond Campaign will be distributed to all employees. The University of Texas-Houston Health Science Center. Permission to reprint is available upon request.