Ee bonds mature
You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet or safe deposit box and rarely think about them. You may wonder how the interest you earn on EE bonds is taxed, or when they stop earning interest. Series EE Bonds dated May and after earn a fixed rate of interest. Bonds purchased between May and April 30, , earn a variable market-based rate of return.
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Time To Cash In Your Old Savings Bonds?
How Long Does It Take for Series EE Bonds to Mature?
Savings bonds are commonly given to children as gifts by their parents and grandparents. And some people purchase savings bonds to be used for future higher education costs. But while safe, savings bonds can have a low rate of return, plus it takes decades for the bonds to fully mature. Learn more about Series EE savings bonds and then decide whether this is the right investment for you -- including when to cash it out for the most money. A Series EE bond is a government-backed savings instrument that pays a fixed rate of interest like many savings accounts. Although it takes three decades for a bond to mature, the U. Treasury Department guarantees that they will double in value after 20 years -- actually, a bond could double its value sooner.
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How Long Will It Take for a Savings Bond to Reach Its Face Value?
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