U.S. SAVINGS BONDS AT PEOPLES BANK
The Peoples Bank proudly offers U.S. Savings Bond, which are backed by the full faith and credit of the United States of America. We sell these as an agent of the U.S. Treasury Department. Your bonds are registered, so that the U.S. Treasury can replace them in the case of theft, mutilation, or loss.
Savings Bonds must be held for at least one year before redemption. We offer both Series EE and Series I Savings Bonds. Interest earned on Savings Bonds are exempt from state and local income taxes. Bonds are available in a variety of denominations. EE bonds are sold at half of face value and interest is based upon Treasury bond rates. I bonds are sold at face value and interest is based on a yield rate that will exceed inflation.