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Bureau of The Public Debt Announces Series EE Savings Bond Rate for May through October 1997

FOR IMMEDIATE RELEASE

May 1, 1997

The Bureau of the Public Debt announced today the rate for Series EE savings bonds issued on or after May 1, 1997.

NEW SERIES EE SAVINGS BOND RATE 5.68%

The 5.68 percent Series EE savings bond rate is in effect for bonds issued on or after May 1, 1997, that enter semiannual earnings periods from May through October 1997. The rate is 90 percent of the average 5-year Treasury securities yields for the preceding six months. A new interest rate is announced each May 1 and November 1. A 3-month interest penalty is applied to these bonds if redeemed before five years. New Series EE bonds increase in value monthly. The bond's interest rate is compounded semiannually.

SERIES EE BONDS ISSUED BEFORE MAY 1997

The 4.63 percent short-term Series EE savings bond rate is in effect for bonds issued from May 1995 through April 1997 for bonds that enter semiannual earnings periods from May through October 1997.

MATURED SERIES E SAVINGS BONDS AND SAVINGS NOTES

Series E savings bonds and Savings Notes continue to reach final maturity and stop earning interest. Bonds issued from May 1941 through April 1957, along with those issued from December 1965 through April 1967, have stopped earning interest. Savings Notes, issued from May 1967 through October 1970, are reaching the end of their 30-year interest-earning life. Bonds and Notes with issue dates shown here will reach final maturity in the next six months.

Bond/Note Issue Dates Bonds/Notes Stop Earning Interest
May 1957 through Oct. 1957 May 1997 through Oct. 1997
May 1967 through Oct. 1967 May 1997 through Oct. 1997

MORE INFORMATION

See the Earnings Report, which contains rate and yield information for Series E&EE bonds and Savings Notes. And download the Savings Bond Wizard, an easy-to-use program that lets you keep track of your savings bonds and value your portfolio.