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The U.S. government first issued Series E bonds to fund itself during World War II, and it continued to sell them until 1980, when Series EE bonds superseded them. Series E bonds are no longer issued.
Cashing in bonds early. Series EE savings bonds can be redeemed a year from purchase, but you won’t see the same level of returns if you cash in your bond before it matures in 20 years.
So, if you buy a Series EE bond today for $25, and hold it for 20 years, you can cash it in for $50. The Treasury Department makes an adjustment to the interest earnings if needed.
Savings bond purchasers tend to purchase fewer bonds when interest rates are lower, and interest rates had been declining over the past several years. [1] For example, in May 2015, new Series EE bonds earned 0.3 percent interest, and new Series I bonds earned zero percent interest at that time. [43]
$50 Series EE savings bond featuring George Washington. Series EE bonds are guaranteed to double in value over the purchase price when they mature 20 years from issuance, though they continue to earn interest for a total of 30 years. Interest accrues monthly, and is compounded semiannually, that is, becomes part of the principal for future ...
Here are more details about Series EE savings bonds: Face value: Minimum of $25, available in penny increments. ... Follow the onscreen steps for cashing a bond. Savings Bonds vs. Traditional Bonds.
Series EE bonds are fixed-rate bonds with a 20-year maturity. These bonds are guaranteed to double in value over a 20-year period, but can earn interest for up to 30 years. Considerations Before ...
U.S. savings bonds are a low-risk investment product backed by the U.S. government. Used by generations of Americans to generate a stable return on cash savings, savings bonds are purchased ...