Savings Bonds

You can purchase and redeem U.S. Savings Bonds at Linn Area Credit Union. Just stop by one of our convenient locations to complete an application. The bonds are mailed directly to your home. You pay no fee or commission!

There's no time like today to begin saving to provide for a secure tomorrow. With as little as $25 you can start investing. Whether you're saving for a new home, education, retirement, or for a rainy day, U.S. Savings Bonds can help you reach your goals.

• U.S. Savings Bonds are backed by the full faith and credit of the United States. In most cases, bonds can be replaced if lost, stolen, or destroyed.

• Linn Area Credit Union offers two types of bonds: Patriot Bonds (or Series EE) and Series I.

• The savings bonds you buy today will earn market-based rates for 30 years. For current rates on Series EE bonds click here. For current rates on Series I bonds click here.

• Your investment will grow for 30 years, but bonds can be cashed anytime after 1 year. (Savings Bonds purchased before February 1, 2003 can be cashed in after 6 months.)

• Interest earned on U.S. Savings Bonds is exempt from State and local income tax. You can also defer paying Federal income tax on the interest until you cash your bond or until it stops earning interest in 30 years.

• The money invested in savings bonds directly helps finance our country's borrowing needs.

For more information on U.S. Savings Bonds please call 378-0101, Option 0 or 1-800-950-5228, Option 0 or stop by one of our convenient locations.

You can also learn more about U.S. Savings Bonds by visiting www.savingsbonds.gov.

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