| Q. |
What are Patriot Bonds? |
| A. | Patriot Bonds are Series EE savings bonds
that may be purchased through financial institutions. Bonds bought this
way will be specially inscribed with the words Patriot Bond. |
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Patriot Bond Home |
| Q. |
Where can I buy
Series EE Patriot Bonds? |
| A. | It's easy. All you have to do is order a
Series EE bond at your financial institution and we'll send you a Patriot
Bond through the mail. |
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Patriot Bond Home |
| Q. |
When will the
Patriot Bond be available? |
| A. | The Patriot Bond legend will be inscribed on
Series EE bonds beginning December 11, 2001 and will continue
indefinitely. |
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Patriot Bond Home |
| Q. |
How do I buy a
Patriot Bond? |
| A. | It's easy. All you have to do is order a
Series EE bond at your financial institution and your Patriot Bond will be
mailed to you. |
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Patriot Bond Home |
| Q. |
Why is Treasury
designating these Series EE bonds as Patriot Bonds? |
| A. | Many Americans expressed a desire to express
their support for the anti-terrorism efforts. The Patriot Bond is one
way they can do so. |
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Patriot Bond Home |
| Q. |
Will the money I
invest in Patriot Bonds be earmarked to pay for the War on
Terrorism? |
| A. | No. While the proceeds from the sale of
all Treasury securities, including Patriot Bonds, are deposited in the
general fund and spent according to law, the funds will contribute to
anti-terrorism efforts. |
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Patriot Bond Home |
| Q. |
What denominations
are being offered and how much do they cost? |
| A. | The denominations are: $50, $75, $100, $200,
$500, $1,000, $5,000, and $10,000. The purchase price is: one-half the face
amount. For example, a $100 Patriot Bond costs $50. |
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Patriot Bond Home |
| Q. |
Can I buy a Patriot
Bond as a gift? |
| A. | Yes. Like all savings bonds, every Patriot
Bond has to bear a Social Security Number (SSN) for record-keeping purposes
but if you don't know the SSN of the person you're buying the bond for, you
can use your own. If you want to deliver a gift bond in person or mail it
with a personal message, you should have the bond mailed to yourself. |
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Patriot Bond Home |
| Q. |
How does the Series
EE, Patriot Bond work? |
| A. | Series EE savings bonds are U.S. Treasury
securities that earn 90 percent of market yields on 5-year Treasury
securities. Bonds increase in value every month, and interest is compounded
semiannually. You can cash Patriot Bonds anytime after 12 months. Bonds cashed before
they are five years old are subject to a 3-month interest penalty. EE bonds
stop earning interest at 30 years. |
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Patriot Bond Home |
| Q. |
What about taxes
on the interest earned? |
| A. | Series EE bonds are free from State and
local income taxes. Federal tax on interest earned can be deferred until
you cash a bond or it reaches its 30-year maturity, whichever happens
first. |
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Patriot Bond Home |
| Q. |
Why can't I buy Patriot Bonds through my
company's payroll savings plan? |
| A. | The centralized process we use to inscribe
bonds bought through financial institutions made it possible to make the
special Patriot Bond legend available quickly. By purchasing bonds through
a financial institution, Americans can make a positive expression of their
support for the anti-terrorism effort. Bonds bought through payroll savings
plans are processed by many different organizations using a variety of
inscription techniques precluding Treasury from being able to offer the
special legend for payroll customers. |
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Patriot Bond Home |
| Q. |
How can I find
out more about the Series EE Patriot Bond? |
| A. | Visit savings bond home page or ask your
financial institution for more information. |
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Patriot Bond Home |
