Savings Bond Program
Save for your future with Series EE and I U.S. Savings Bonds
Sodexo makes it possible for you to purchase United States Series EE and I Savings Bonds through convenient payroll deductions for Sodexo Employees on the ADP Payroll System (not available if you are paid on the Lawson Payroll system). There is no length of service requirement to participate and you may join or drop out at any time. Savings bonds are purchased monthly and mailed directly to your home by National Bond and Trust Co. (NBT), a licensed savings bond issuing agent for the U.S. Treasury.
Why should I buy Savings Bonds?
· Guaranteed to earn interest. You will never lose money.
· Affordable, you have a small amount taken from your paycheck every payday.
· Exempt from local and state tax. Federal tax is paid when you cash your bond.
· Earn interest for up to 30 years.
· Interest rates change every May and November.
What are my bond options?
There are two types of Savings Bonds, Series I and Series EE. I Bonds are purchased at face value (for example, a $50 I Bond would cost you $50). The I Bond is guaranteed to beat inflation. The EE Bond is purchased at half the face value (for example, a $100 EE Bond would cost you $50). (See Series I vs. EE Savings Bonds)
Bond Continuation Life Insurance
This optional program will provide your beneficiary with a minimum of one savings bond a month for at least 10 years in the event of your death. Ask your NBT representative for more information.
Great for Child's Education
If you plan on using bonds for your child's education, you may be exempt form paying federal tax on the interest. For more information contact your financial advisor or see IRS Form 8815.
Series I vs. Series EE Savings Bonds
I Bond | EE Bond |
Issued at face value. | Issued at half the face value. |
NBToffers 6 denominations - $50, $75, $100, $200, $500, and $1,000. | NBToffers 4 denominations - $100, $200, $500, and $1,000. |
$30,000 face value annual purchase limit per Social Security Number. | $60,000 face value annual purchase limit per Social Security Number. |
Interest is based on a combination of a fixed rate and a floating rate. | Interest is based on a fixed rate. |
Increases in value monthly and interest compounds semiannually (except for in periods of deflation). | Increases in value monthly and interest compounds semiannually. |
Has to be held for one year; will earn interest for up to 30 years. | Has to be held for one year; will earn interest for up to 30 years. |
How do I enroll in the Savings Bond Program?
You can enroll in the Savings Bond Program in two easy ways:
1. Via telephone at 1-800-426-9314 between 8:00 a.m. - 6:00 p.m. ET, or
2. In person with an NBT agent at your work location (if arranged by HR and/or supervisor)
How do I make changes to my savings bond account?
You can make changes to your savings bond account (including deduction amount, beneficiaries, mailing address, etc.) by:
1. Calling NBT at 1-800-426-9314 between 8:00 a.m. - 6:00 p.m. ET, or
2. Go to www.nbtco.com
You are responsible for informing NBT of any address changes.
A refund check for the remaining balance in your savings bond account will be issued and mailed to your home if you:
- Have six months of account inactivity,
- Cancel your savings bond account, or
- Inform NBT that you no longer work for Sodexo.