Do EE savings bonds earn interest after maturity?

EE bonds earn interest until they reach 30 years or until you cash them, whichever comes first. You can cash them after 1 year. But if you cash them before 5 years, you lose the last 3 months’ interest.

Is there a penalty for not cashing in matured EE savings bonds?

Sometimes people hold U.S. Savings Bonds past the date of final maturity. That’s a problem. In fact, it’s a violation of IRS statutes. If you hold these bonds after the date of final maturity, it opens the door to a possible tax penalty and/or fine for you.

When should you cash out EE savings bonds?

After they are 12 months old. If you cash an EE bond before it is five years old, you will lose the last three months of interest. EE bonds earn interest for 30 years if you don’t cash the bonds before they mature. So the longer you hold the bond (up to 30 years), the more it is worth.

How many years before EE series savings bond matures?

Series EE bonds mature after 30 years , meaning they can earn interest for that period of time. EE bonds are sold for half of face value, and the U.S. Treasury Department guarantees that they will reach face value after 20 years.

What is the final maturity date for EE bonds?

The final maturity of EE bonds occurs after the extended maturity has concluded. It is always 30 years from the issue date, and it is at this time that interest ceases. For bonds issued after June 2003, final maturity is 10 years after the original maturity.

What is the current value of EE Savings Bonds?

Electronic savings bonds purchased through the Treasury Direct website have the same face amount and value, starting at $25 up to $5,000. Electronic EE bonds can be purchased in any amount, including cents.

What is the duration of EE Savings Bonds?

Series EE Bonds are interest-bearing U.S. government savings bond guaranteed to at least double in value over their typical 20 year initial terms. Some Series EE bonds pay interest beyond the original maturity date, up to 30 years from issuance.