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Treasury Notes

We sell Treasury Notes for a term of 2, 3, 5, 7, or 10 years.

Notes pay a fixed rate of interest every six months until they mature.

You can hold a note until it matures or sell it before it matures.

Notes at a Glance

Now issued in Electronic form only
Matures in 2, 3, 5, 7, or 10 years
Interest rate The rate is fixed at auction. It doesn’t change over the life of the note.
It is never less than 0.125%.
See Results of recent note auctions.
Interest paid Every six months until maturity
Minimum purchase $100
In increments of $100
Maximum purchase $10 million (non-competitive bid)
35% of offering amount (competitive bid)
(See Buying a Treasury marketable security for information on types of bids.)
Auction frequency 2, 3, 5, and 7-year notes: Monthly
10-year notes: Feb., May, Aug., Nov.
Reopenings of 10-year notes: 8 times/year
See the Auction calendar for specific dates.
Taxes Federal tax due each year on interest earned.
No state or local taxes
Eligible for STRIPS? Yes

Latest Rates

We're Here to Help

We welcome your questions and comments.

Write Us

If you write to us and want a response, please put your address in your letter (not just on the envelope).

Department of the Treasury
Bureau of the Fiscal Service
Attention: Auctions
3201 Pennsy Drive, Building E
Landover, MD 20785

Call Us

For general inquiries, please call us at 844-284-2676 (toll free)

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