U.S. Savings Bonds

You can purchase and redeem your U.S. Savings Bonds at Parsons Federal Credit Union. Many of our members use Payroll Deduction to purchase bonds as part of their retirement, or education savings plan. Besides the standard Series EE bonds, we also offer the new I Bond!

Buying Electronic EE Bonds

  • Sold at face value; i.e., you pay $50 for a $50 bond and it's worth its full value when it's available for redemption.
  • Purchase in amounts of $25 or more, to the penny.
  • $5,000 maximum purchase in one calendar year.
  • Issued electronically to your designated account.

Buying Paper EE Bonds

  • Sold at half their face value; i.e., you pay $25 for a $50 bond but it's not worth its face value until it has matured.
  • Purchase in denominations of $50, $75, $100, $200, $500, $1,000, and $5,000, and $10,000.
  • $5,000 maximum purchase in one calendar year.
  • Issued as paper bond certificates.

If you redeem EE/E Bonds in the first 5 years, you'll forfeit the 3 most-recent months' interest. If you redeem them after 5 years, you won't be penalized.

Buying I Bonds through TreasuryDirect:

  • Sold at face value; you pay $50 for a $50 bond.
  • Purchased in amounts of $25 or more, to the penny.
  • $5,000 maximum purchase in one calendar year.
  • Issued electronically to your designated account.

Buying Paper I Bonds:

  • Sold at face value; i.e., you pay $50 for a $50 bond.
  • Purchased in denominations of $50, $75, $100, $200, $500, $1,000, and $5,000.
  • $5,000 maximum purchase in one calendar year.
  • Issued as paper bond certificates.

If you redeem I Bonds within the first 5 years, you'll forfeit the 3 most recent months' interest; after 5 years, you won't be penalized.

For more information or the current rate on U. S. Savings Bonds, visit the U.S. Treasurey's website.

View and print these forms to purchase savings bonds through payroll deduction.

EE-Bond I-Bond

Please fax your form(s) to (626) 440-9405 or mail to Parsons Federal Credit Union, P.O. Box 90667, Pasadena, CA 91109-0667.

The Savings Bond forms are a PDF format. To view these documents you must have Acrobat Reader installed on your computer. If you do not already have Acrobat Reader, it is free to download, and simple to install.

Acrobat Reader