I bought some EE bonds in Dec, 1991, Jan, 1992, and Feb, 1992. After reading your web site, it appears that these bonds (originally earning 6%) are now going to earn 4%. Is this correct? Tom's response Unlike other types of bonds, which have a fixed rate, Savings Bonds have always been an adjustable-rate investment. Although the rate is adjustable, the bonds you bought also have a guaranteed minimum, which changes as the bonds move from one maturity period to the next. What has changed from 6% to 4% is the guaranteed minimum. In other words, if rates go back up above 4%, you could earn more than 4%. New Savings Bonds being sold today no longer have guaranteed minimums.