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|
|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|
How do I ... for a note
We're Here to Help
We welcome your questions and comments.
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
3201 Pennsy Drive, Building E
Landover, MD 20785
For general inquiries, please call us at 844-284-2676 (toll free)