Series EE Bond

A type of debt issue that is backed by the full faith and credit of the United States Government. They are 30-year investments that are issued at a discount and mature at face value. These bonds are noncallable, nontransferable, and must be fully registered. The appreciation of the bond is considered interest income that is subject to federal tax, but exempt from state and local tax. This income can be reported annually as it accrues or can be deferred until the bond is cashed in or reaches final maturity.

Updated on: 24/04/2023