Savings Bond
A U.S. savings bond is a nonmarketable Treasury security for retail savers, with interest, redemption, and tax rules set by Treasury.
U.S. savings bond series, including Series EE and Series I bonds, with different accrual, redemption, and tax features.
U.S. savings bond series are nonmarketable retail Treasury securities with program-specific interest, redemption, tax, and ownership rules. Series EE Bonds and Series I Bonds are currently sold electronically through TreasuryDirect. Older paper series remain subject to their own issue-date rules.
| Reader question | Start with | Decisive feature |
|---|---|---|
| How do nonmarketable savings bonds differ from Treasury notes or bonds? | Savings Bond | Treasury redemption rules replace secondary-market trading. |
| What does the 20-year doubling guarantee mean? | Series EE Bond | Fixed accrual plus a Treasury value guarantee at 20 years. |
| How does the inflation-linked rate reset? | Series I Bond | Lifetime fixed rate plus six-month inflation components. |
For either current series, verify the issue date, registration, one-year redemption restriction, five-year penalty boundary, tax-reporting history, and current TreasuryDirect value. Current rates and account procedures can change, so use the official source rather than a static summary.
For marketable inflation-linked Treasury securities, compare I bonds with Treasury Inflation-Protected Securities. These pages are educational and are not individualized savings, tax, or investment advice.
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A U.S. savings bond is a nonmarketable Treasury security for retail savers, with interest, redemption, and tax rules set by Treasury.
A Series EE bond is a nonmarketable U.S. savings bond with fixed-rate accrual and Treasury-specific redemption rules.
A Series I bond is a nonmarketable U.S. savings bond whose composite rate combines a fixed component with an inflation component.