Issued at face value. Calculated as an earning of a fixed rate of return and a semiannual inflation rate based on CPI-U. Rates announced every May 1 and November 1. Guaranteed to reach face value in 17 years. No guaranteed level of earnings. Increases in value monthly and compound semiannually.
Interest is paid when the bond is redeemed.
Interest is paid when the bond is redeemed. Earn interest for up to 30 years. Exchange Can be exchanged for Series HH savings bonds. Cannot be exchanged for any other series of savings bonds. Cashing Can be redeemed after first 6 months.