Question by  jamilee (4)

How long should you keep a saving bond to get the most of your money.

My parents started a savings bond for me for college, but I am not going, and I want to know how long to keep the account so I can get the most of the money.


Answer by  Stardancer (295)

All Series EE Savings bonds purchased after May 2005 earn a fixed rate. So there is not any minimum amount of time you need you need to hold on to these bonds to earn the maximum rate of return. Bonds prior to May 2005 have to be held for 5 years to earn the maximum rate of return.


Answer by  joba1120 (39)

The maturity term for a savings bond is 30 years. Therefore, you should wait until full maturity term is up to get the most money.


Answer by  moneychick (167)

Saving bonds mature up to thirty years. Some of them earn at a rate of 4%. When you purchase them may have a lot to do with when they mature and how much they are worth. Also the amount the bond is for.


Answer by  Kurt (4579)

Check out the terms of the bond. Some pay a certain percentage rate of interest for only a fixed term ( example - 20 years ) and when that time period has passed, no more interest will be earned. Others pay a certain percentage rate with no term and it is up to you on when to cash it.

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