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Bureau of the Public Debt Announces Series EE Savings Bond Rate for November 1998 Through April 1999

FOR IMMEDIATE RELEASE

November 2, 1998

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

SERIES EE SAVINGS BOND RATE: 4.60%

The 4.60 percent Series EE savings bond rate is in effect for bonds issued on or after May 1, 1997, that enter semiannual earnings periods from November 1998 through April 1999. The rate is 90 percent of the average 5-year Treasury securities yields for the preceding six months. A new interest rate is announced effective each May 1 and November 1. A 3-month interest penalty is applied to these bonds if redeemed before five years. The Series EE bonds on sale now increase in value monthly. The bond's interest rate is compounded semiannually.

SERIES EE BONDS ISSUED BEFORE MAY 1997

The 4.01 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 November 1998 through April 1999. See the Earnings Report for earnings on Series EE bonds issued from January 1980.

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 October 1958, along with those issued from December 1965 through October 1968, have stopped earning interest. Savings Notes, issued from May 1967 through October 1968, have stopped earning interest. 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
November 1958 through April 1959 November 1998 through April 1999
November 1968 through April 1969 November 1998 through April 1999

MORE INFORMATION

The latest United States Savings Bonds/Notes Earnings Report and other useful information about savings bonds is available at Public Debt's Internet website at, www.savingsbonds.gov. Download the Savings Bond Wizard (an easy-to-use program that lets you keep track of your savings bonds and calculate the value of your portfolio). The Earnings Report shows actual yields for Series EE bonds. The Earnings Report, which contains rate and yield information for Series E&EE bonds and Savings Notes, is also available by mail from Public Debt. Send a postcard asking for “Earnings Report” to Bureau of the Public Debt, 200 Third Street, Parkersburg, WV 26106-1328.