EE bonds — TreasuryDirect (2024)

Electronic or paper? New EE bonds are electronic only. You must have a TreasuryDirect account to buy and manage new EE bonds. You may own a paper EE bond that we issued between 1980 and 2012.

Some paper EE bonds that we sold between 2001 and 2011 say "Patriot Bond" on them. They were a special edition to fund anti-terrorism. Everything about EE bonds applies to these Patriot Bonds.

How does an EE bond for sale today earn interest? EE bonds earn interest monthly.

Interest is compounded semiannually, meaning that every 6 months we apply the bond’s interest rate to a new principal. The new principal is the sum of the prior principal and the interest earned in the previous 6 months. Thus, your bond's value grows both because it earns interest and because the principal gets bigger.

Since May 2005, new EE bonds earn a fixed rate of interest that is set when you buy the bond. They earn that interest for the first 20 years. We may adjust the rate or the way they earn interest after 20 years.

For older EE bonds, rules concerning interest may have varied.

See more about interest for EE Bonds that we issued:

How long does an EE bond earn interest? 30 years (unless you cash it before then) When do I get the interest on my EE bond? With a Series EE bond, you wait to get all the money until you cash in the bond.

Electronic EE bonds: We pay automatically when the bond matures (if you haven’t cashed it before then).

Paper EE bonds: You must submit the paper bond to cash it.

See Cash in (redeem) an EE or I savings bond.

Can I cash it in before 30 years? You can cash in (redeem) your EE bond after 12 months.

However, if you cash in the bond in less than 5 years, you lose the last 3 months of interest. For example, if you cash in the bond after 18 months, you get the first 15 months of interest.

See Cash in (redeem) an EE or I savings bond.

How do I find the value of my EE savings bond? If you have an electronic EE bond, you can see what it is worth in your TreasuryDirect account.

To see what your paper EE bond is worth, use our Savings Bond Calculator.

Must I pay tax on what the bond earns? Federal income tax: Yes

State and local income tax: No

Federal estate, gift, and excise taxes; state estate or inheritance taxes: Yes

You choose whether to report each year's earnings or wait to report all the earnings when you get the money for the bond.

If you use the money for qualified higher education expenses, you may not have to pay tax on the earnings.

See more in

Tax information for EE and I savings bonds

Using savings bonds for higher education

How much does an EE bond cost? $25 minimum or any amount above that to the penny. For example, you could buy an EE bond for $36.73. Is there a maximum amount I can buy? In any one calendar year for one Social Security Number, you may buy up to $10,000 in EE bonds. The limit applies to the Social Security Number of the first person named on the bond.
EE bonds — TreasuryDirect (2024)


How much is a $100 series EE bond worth after 30 years? ›

How to get the most value from your savings bonds
Face ValuePurchase Amount30-Year Value (Purchased May 1990)
$50 Bond$100$207.36
$100 Bond$200$414.72
$500 Bond$400$1,036.80
$1,000 Bond$800$2,073.60

How long does it take for a $100 EE savings bond to mature? ›

Currently, EE bonds reach full maturity after 30 years, but are guaranteed to double in value in the first 20 years. However, maturity dates for EE bonds used to be less than 30 years.

How much is a $50 series EE savings bond worth? ›

Total PriceTotal ValueTotal Interest

When should I cash in EE savings bonds? ›

You can get your cash for an EE or I savings bond any time after you have owned it for 1 year. However, the longer you hold the bond, the more it earns for you (for up to 30 years for an EE or I bond). Also, if you cash in the bond in less than 5 years, you lose the last 3 months of interest.

How much is a $50 Patriot bond worth after 20 years? ›

After 20 years, the Patriot Bond is guaranteed to be worth at least face value. So a $50 Patriot Bond, which was bought for $25, will be worth at least $50 after 20 years. It can continue to accrue interest for as many as 10 more years after that.

Do EE bonds really double in 20 years? ›

EE bonds you buy now have a fixed interest rate that you know when you buy the bond. That rate remains the same for at least the first 20 years. It may change after that for the last 10 of its 30 years. We guarantee that the value of your new EE bond at 20 years will be double what you paid for it.

Can you still cash EE bonds at a bank? ›

Where do I cash in a savings bond? You can cash paper bonds at a bank or through the U.S. Department of the Treasury's TreasuryDirect website. Not all banks offer the service, and many only provide it if you are an account holder, according to a NerdWallet analysis of the 20 largest U.S. banks.

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

While the Treasury will not penalize you for holding a U.S. Savings Bond past its date of maturity, the Internal Revenue Service will. Interest accumulated over the life of a U.S. Savings Bond must be reported on your 1040 form for the tax year in which you redeem the bond or it reaches final maturity.

Do savings bonds double every 7 years? ›

In a less-risky investment such as bonds, which have averaged a return of about 5% to 6% over the same period, you could expect to double your money in about 12 years (72 divided by 6).

Should I cash out my Series EE bonds? ›

If you want full value, you should hold the Series EE bonds at least until maturity, and if you want extra, you can hold them until 30 years. But once 30 years have passed, it's a good idea to cash them in because you won't get any extra benefit.

Why is my $100 savings bond only worth $50? ›

There are two primary reasons a bond might be worth less than its listed face value. A savings bond, for example, is sold at a discount to its face value and steadily appreciates in price as the bond approaches its maturity date. Upon maturity, the bond is redeemed for the full face value.

Why is my EE savings bond worth less than face value? ›

Paper Series EE bonds were sold at half their face value. For example, if you own a $50 bond, you paid $25 for it. The bond isn't worth its face value until it matures.

Do you pay taxes when you cash in EE bonds? ›

If you hold savings bonds and redeem them with interest earned, that interest is subject to federal income tax and possibly federal gift taxes (highly unlikely as the per-person cap is $10,000 and the gift tax exemption is $17,000).

Are EE bonds taxed when cashed? ›

Key Takeaways. Interest from EE U.S. savings bonds is taxed at the federal level but not at the state or local levels for income. The interest that savings bonds earn is the amount that a bond can be redeemed for above its face value or original purchase price.

Is cashing in EE bonds taxable? ›

I cashed some Series E, Series EE, and Series I savings bonds. How do I report the interest? In general, you must report the interest in income in the taxable year in which you redeemed the bonds to the extent you did not include the interest in income in a prior taxable year.

Do Series EE bonds expire after 30 years? ›

All Series EE Bonds reach final maturity 30 years from issue.

Do Series EE bonds pay interest after 30 years? ›

Series EE savings bonds are a low-risk way to save money. They earn interest regularly for 30 years (or until you cash them if you do that before 30 years). For EE bonds you buy now, we guarantee that the bond will double in value in 20 years, even if we have to add money at 20 years to make that happen.

Do EE bonds collect interest after 30 years? ›

The only savings bonds that still earn interest are I bonds and some EE and HH bonds. For those, you must look at the issue date. EE and I bonds earn interest for 30 years from the issue date. HH bonds earn interest for 20 years from the issue date.

What is the final maturity of a $100 savings bond? ›

Savings bonds are a government-backed, reliable investment that earn interest, reaching full maturity after 30 years.

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