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Savings Bonds
Savings bonds are available for purchase at all Cedar Point Federal Credit Union branch offices. You have several options to choose from when purchasing savings bonds:
Series EE
 
EE Bonds are low-risk savings products that pay interest based on current market rates on Treasury securities. EE Bonds are a safe and secure way to save for the future, whether it's to finance education, supplement retirement income, or give as a gift.
U.S. citizens, residents, and workers age 18 or older with a valid U.S. Social Security Number or Tax Identification Number may own EE Bonds.
| Minimum purchase: |
$25 |
| Maximum purchase: |
$5,000 per person per year |
| Interest: |
EE/E Bonds you purchased between May 1997 and April 30, 2005, earn a variable market-based rate of return. Series EE Bonds issue dated May 2005 and after will earn a fixed rate of interest. |
| Interest-earning period: |
30 years |
| Minimum term of ownership: |
12 months |
| Early redemption penalty: |
Forfeit 3 most recent months' interest if cashed before 5 years |
I Bonds
I Bonds are low-risk, liquid savings products. While you own them, they earn interest and help protect your savings from inflation. I Bonds are a safe and secure way to save for the future, whether it's to finance education, supplement retirement income, or give as a gift.
U.S. citizens, residents, and workers age 18 or older with a valid U.S. Social Security Number or Tax Identification Number may own I Bonds.
| Minimum purchase: |
$25 when buying through TreasuryDirect |
| Maximum purchase: |
$5,000 per person per year |
| Interest: |
A fixed rate of return plus a semiannual inflation rate based on CPI-U, added monthly and paid when the bond is cashed |
| Interest-earning period: |
30 years |
| Minimum term of ownership: |
12 months |
| Early redemption penalty: |
Forfeit 3 most recent months' interest if cashed before 5 years |
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