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When Do Patriot Bonds Mature

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Tuesday, October 23, 2018 4:26:35 AM
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Are they at least good in bed?. What is a "Patriot" Bond? Yes, that's all that they are. Other than this stamp, they are no different from actual EE Savings Bonds. Bi-curious They are identical in every way to the paper EE Savings Bonds except that any EE Bond purchased through financial institutions after December 10, has the words "Patriot Bond" printed on the top half of the bond between the Social Security Number and the Issue Date. The proceeds of the Patriot Bond will go into the Treasuries General Fund and are not specifically earmarked for any particular war-time spending or program funding. Monies for both war-time spending and other federal government spending draw from this general fund, which may contribute to fighting the war on terrorism. Patriot Bonds are purchased over-the-counter at banks, credit unions and other such financial institutions.

When Do Patriot Bonds Mature


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The time it takes a savings bond to reach face value depends on the series of bond and the value at which it was sold. There are three different series of bonds. EE bonds are sold for half of face value, and the U. Treasury Department guarantees that they will reach face value after 20 years. If the interest payments doesn't cause the bond to reach full face value at the end of 20 years, the government will do a one-time adjustment to bring the bond's value to equal face value.

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Patriot Bonds were first released in and their issuance continues to confuse numerous investors all these years later. Are these different or unique products? Patriot Bonds are absolutely identical in every way to the paper versions of the Series EE Savings Bonds , and this one of the primary reasons there's so much confusion. They are, in fact, the same thing.

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