HH/H Savings Bonds
You may still own an H or HH Bond, but you cannot get new ones.
|H Bonds||Last issued December 1979.
All H Bonds are more than 30 years old and no longer earn interest. If you have any H Bonds, you may want to cash them in.
|HH Bonds||Were issued from 1980 through August 2004.
HH Bonds earn interest for up to 20 years, so you may still have HH Bonds that are earning interest.
|What are the interest rates for HH Bonds?||1.50% per year if the bond's issue date is between 1/1/2003 and 8/31/2004. 4.00% per year if the bond's Issue date is before 1/1/2003 and the bond is less than 10 years old. 1.50% per year if the bond is 10 years old or more, but not yet 20 years old. HH bonds stop earning and paying interest when they are 20 years old. Rates and Terms for HH Bonds|
|Is the interest added to my bond's value?||No. With HH Bonds, the interest earned is paid every six months directly to your bank account. Direct Deposit for HH Bond Interest|
|Is it taxable?||Federal income tax: Yes
State and local income tax: No
You must report HH Bond interest on your federal income tax return for the year in which we paid the interest.
HH/H Bonds were offered in exchange for EE/E Bonds and some other older savings bond series. Interest on the EE/E and other bonds exchanged may have been deferred through the life of the HH/H Bond. For that situation, see Tax Considerations for HH/H Bonds
|Paper or electronic?||HH/H Bonds were issued only on paper.|
|What bonds might I have?||HH/H Bonds came in these denominations: $500, $1,000, $5,000, $10,000. HH/H Bonds were sold at face value. That is, a $500 bond cost $500.|
|Is there a minimum time to keep HH/H Bonds?||Six months - so all HH/H Bonds have passed their minimum time. You may cash in (redeem) any HH/H Bond you own through the Treasury Retail Securities site. Redeeming HH/H Bonds|