The Series I Tax-Time Savings Bond is a trusted, safe investment.

The series I tax-time savings bond is simple to understand, safe to save your money in, and convenient to purchase.

Quick Facts about Tax-Time Savings Bonds

  • Tax-Time Savings Bonds are Series I U.S. Savings Bonds.
  • Tax-Time Savings Bonds are issued and guaranteed by the U.S. Treasury Department.
  • Tax-Time Savings Bonds are giftable. You can buy bonds for yourself or a loved one.
  • Tax-Time Savings Bonds are not expensive. You can buy one for as little as $50.
  • Tax-Time Savings Bonds earn interest.
    • The current interest rate on Series I Savings Bonds is 1.94% through October 31, 2014, and is indexed to inflation. Bonds offer competitive returns in comparison with other savings vehicles.*
    • You can cash in your bond after one year at most banks or credit unions, but the longer your keep it the more it will grow in value. Your bond will earn interest for up to 30 years. If you cash your bond within 5 years, you forfeit the last three months’ worth of interest.


Making the Case: How Tax Time Can Enable A Brighter Future

Setting aside small sums of money in a safe place allows people to manage unexpected events, opens up opportunities for education, and helps build future financial security. For low-income households where money is often tight, saving can be especially difficult. The financial services industry most often offers products designed for middle- to high-net-worth individuals, requiring high minimums to purchase, have high fees, or simply don’t meet the needs of low income individuals and households. Tax-time savings bonds are a great option for low-income individuals because they are a convenient, simple, and safe way to save money.

Saving in Series I Savings Bonds at tax time with Form 8888 offers a split-refunds option so that taxpayers can conveniently choose to save a portion of their refunds while still receiving a portion to spend as they choose.

The Series I Savings Bond is a safe and easy way to save that refund, creating a better, brighter future of financial security.

A Quick History of Tax-Time Savings Bonds

For 75 years, Americans have had access to U.S. Savings Bonds, and today saving in bonds is easier than ever with the option to split a portion of your federal tax refund directly into Series I U.S. Savings Bonds.  With the simple check of a box on IRS Form 8888, any filer may allocate funds from their refund to purchase these bonds!

We are here to support and promote this simple and easy tax-time savings option for all Americans.

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