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OVER THE years, Savings 'Bonds have provided us with timely nest eggs— to see us through unexpected rainy days. They have helped pay for new homes, new cars, education for children, a more comfortable retirement.”
Rawles noted that those millions of Americans 'who buy Savings Bonds regularly enjoy other direct benefits. “For example,” he said, “the interest paid on U.S. Savings Bonds is not subject to state or local income and personal property taxes. And federal income-tax liability on EBond interest may be deferred until the Bonds are redeemed or reach final maturity. Therefore, the new rate increase makes Savings Bonds more attractive than ever.”
He encouraged Virginia residents to contact their employers or their banks, to take advantage of the improved rate by increasing their Payroll Savings or Bond - A - Month participation.□
95.7%