. Savings Bonds are issued by the . Treasury Department. They are nonmarketable securities. This means you may not sell savings bonds to or buy them from anyone except an issuing and paying agent authorized by the Treasury Department. Savings bonds are registered securities, meaning that they are owned exclusively by the person or persons named on them. I Bonds and Series EE Savings Bonds are accrual securities. They earn, that is, accrue interest monthly at a variable rate and the interest is compounded semiannually. You receive your earnings when you redeem an I Bond or Series EE Savings Bond. Series HH Savings Bonds are current income securities
