dcsimg

Bureau of the Public Debt Announces Savings Bond Rates for November 1996 through April 1997

FOR IMMEDIATE RELEASE

November 1, 1996

The Bureau of the Public Debt announced today the market-based rates for U.S. Savings Bonds for November 1996 through April 1997.

SHORT-TERM SAVINGS BOND RATE 4.56%

The 4.56 percent short-term rate is 85 percent of the average of six-month Treasury security yields for August through October 1996. A new rate is announced each May 1 and November 1. Series EE bonds issued on or after May 1, 1995, earn the short-term rates for semi-annual interest accrual periods beginning on or after each announcement date for the first five years.

LONG-TERM SAVINGS BOND RATE 5.53%

The 5.53 percent long-term rate is 85 percent of the average of five-year Treasury security yields for May 1996 through October 1996. Series EE bonds issued on or after May 1, 1995, earn long-term rates from five years through 17 years. The long-term rate in this announcement is provided only for reference.

SERIES E AND EE SAVINGS BONDS ISSUED BEFORE MAY 1995

Series E and EE bonds as well as Savings Notes issued before May 1995, held five years and longer, continue to earn 85 percent of the average five-year Treasury securities yields during the holding period or a guaranteed minimum yield whichever produces the higher value. See the Bond Earnings Report for EE bond yields.

SERIES H AND HH BOND RATE 4.00%

Series H and HH bonds issued or entering an extended maturity period since March 1, 1993, pay interest semiannually at a fixed rate of 4 percent per annum.

MATURED SERIES E SAVINGS BONDS

Series E savings bonds continue to reach final maturity and stop earning interest. Bonds issued between May 1941 and October 1956, along with those issued between December 1965 and October 1966 have stopped earning interest. Bonds with issues dates shown here will reach final maturity in the next six months.

Bond Issue Dates Bonds Stop Earning Interest
November 1956 through May 1957 November 1996 through May 1997
November 1966 through May 1967 November 1996 through May 1997

The latest United States Savings Bonds/Notes Earnings Report shows actual yields for Series EE bonds.