What are Series H and Series HH savings bonds?
Series H bonds were government savings bonds that have been replaced by Series HH bonds. The government quit selling Series H bonds in December 1979. Series HH bonds pay interest semiannually, providing current income. The interest paid is a fixed rate, which can change 10 years after issue. Series HH bonds cannot be purchased for cash and are acquired only through the exchange of Series E/EE savings bonds. Exchanging the Series E/EE bonds for Series HH bonds lets you continue to defer Federal taxes on the accumulated interest you earned on your previously-held Series E/EE savings bonds. Visit the TreasuryDirect.gov for more information and forms ordering.
