Lisbon Community Federal Credit Union

The Lisbon Community Federal Credit Union sells and redeems EE and I Savings Bonds for our Members' convenience.

EE Bonds are issued at 50% face value (a $100.00 EE bond would cost $50.00). They are offered in eight denominations and the interest is calculated at 90% of six-month averages of five-year Treasury security yields. Rates are announced every May 1st and November 1st. EE bonds are guaranteed to reach face value in 20 years. Interest is paid when the bond is redeemed. These bonds earn interest up to 30 years. They can be cashed any time after 12 months, but a three-month penalty applies to bonds redeemed during the first five years.

Series I bonds are issued at face value (a $100.00 bond would cost $100.00). They are offered in eight denominations ranging from $50.00 to $10,000.00. Interest is calculated as an earning of a fixed rate based on CPI-U (Consumer Price Index for Urban Consumers). Rates are announced every May 1st and November 1st. There is no guaranteed level of earnings. Series I Bonds earn interest for up to 30 years. They can be cashed any time after 12 months, but a three-month interest penalty applies to bonds redeemed during the first five years.

Both series EE and I Bonds are eligible for tax benefits upon redemption when used for qualified education expenses.

In addition to buying savings bonds for yourself, you can also purhcase them as gifts.

For additional information on U.S. Savings Bonds, please contact a Member Service Representative at (207) 353-4144 or toll free at (877) 353-4144. Information is also available on the web at http://www.savingsbonds.gov.