investing






 

Question by  bdbolin (167)

How long does it take for an E Saving Bond to mature?

I have several that were given to me by my grandparents years ago.

 
+7

Answer by  canospamo (87)

Series E Savings Bonds had an original maturity of 10 years. Extensions later allowed them to earn interest for 30-40 years. E bonds issued before December 1965 earn interest for up to 40 years, those issued December 1965 or later earn interest for up to 30 years.

 
+6

Answer by  Roger70 (107)

E Savings Bonds have a maturity date 17 years after issue, but can be redeemed early. After holding one for five years there is no penalty, though earlier than this carries a penalty of three months interest. If not redeemed, they can be held indefinitely, but will earn interest for up to 30 years.

 
+6

Answer by  Vince62 (91)

The E Savings Bond usually matured after 17 years after being issued, any E Savings Bonds or EE Savings Bonds are not making any more interest at this time and should be swapped for a different type of bond or redeemed.

 
+6

Answer by  bunkerhill (825)

It can take up to 30 years for them to stop earning interest but you can cash them at any time. There is a minimum amount of months or years they must mature to avoid a penalty when cashing them.

 
+5

Answer by  zippythepinhead (46)

Series EE and Series E savings bonds can be redeemed after five years with out incurring a penalty. If you redeem them prior to five years, you will forfeit the 3 most recent months of accrued interest. If you hold them past five years they will continue to earn interest for up to 30 years.

 
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