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Series I & Series EE Bond Purchase Limit Increased to $10,000 Each
Posted By Jim On 01/24/2012 @ 7:15 am In Banking | 1 Comment
The Treasury Department announced  that, effective January 4th, 2012, you will be allowed to purchase $10,000 each of Series I and Series EE bonds per year per person. Previously, it was believed that we’d only be allowed to purchase $5,000 of each series because the annual limit was $5,000 for electronic bonds and $5,000 for paper bonds, with paper bonds, for the most part, being phased out at the end of 2011. You will still be allowed to purchase up to $5,000 in paper Series I bonds with your tax refund, using for Form 8888 .
As of this writing, the Series I bond are yielding 3.06% APY through April 2012 (fixed rate component of 0.0% and inflation component of 1.53%) while a Series EE bond will yield 0.60% (but remember, they are guaranteed to double after twenty years, even if the fixed rate won’t get you there, but that adjustment doesn’t happen until you hit twenty years).
(Photo: karen_d )
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 announced: https://www.treasurydirect.gov/news/pressroom/pressroom_purlim0112.htm
 Form 8888: http://www.irs.gov/pub/irs-pdf/f8888.pdf
 online savings accounts: http://www.bargaineering.com/articles/top-5-online-banks-savings-or-checking-accounts.html
 fan of Series I bonds: http://www.bargaineering.com/articles/series-savings-bonds-good-investment.html
 karen_d: http://www.flickr.com/photos/karen_d/4054817484/sizes/s/in/photostream/
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