We sell Treasury Notes for a term of 2, 3, 5, 7, or 10 years.
Notes pay a fixed rate of interest every six months until they mature.
You can hold a note until it matures or sell it before it matures.
Notes at a Glance
| Now issued in | Electronic form only |
|---|---|
| Matures in | 2, 3, 5, 7, or 10 years |
| Interest rate | The rate is fixed at auction. It doesn’t change over the life of the note. It is never less than 0.125%. See Results of recent note auctions. |
| Interest paid | Every six months until maturity |
| Minimum purchase | $100 |
| In increments of | $100 |
| Maximum purchase | $10 million (non-competitive bid) 35% of offering amount (competitive bid) (See Buying a Treasury marketable security for information on types of bids.) |
| Auction frequency | 2, 3, 5, and 7-year notes: Monthly 10-year notes: Feb., May, Aug., Nov. Reopenings of 10-year notes: 8 times/year See the Auction calendar for specific dates. |
| Taxes | Federal tax due each year on interest earned. No state or local taxes |
| Eligible for STRIPS? | Yes |
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How do I ... for a note
We're Here to Help
We welcome your questions and comments.
Write Us
If you write to us and want a response, please put your address in your letter (not just on the envelope).
Department of the Treasury
Bureau of the Fiscal Service
Attention: Auctions
3201 Pennsy Drive, Building E
Landover, MD 20785
Call Us
For general inquiries, please call us at 844-284-2676 (toll free)
