A series EE U. Since May , EE bonds have been issued earning a fixed rate of interest, so a final value can be fairly accurately determined with a couple of easy calculations. Older series EE bonds earn variable rates, which can change twice a year. The projected value of one of these bonds will be more of a ballpark figure. For newer series EE bonds, issued after April , start by looking up the interest rate for your savings bond if you do not already know the rate. Rates for new bonds are set every May 1st and November 1st by the U.
Series I Savings Bonds – What They Are and How to Buy Them
The time it takes a savings bond to reach face par value depends on the series of bond and the value at which it was sold. There are presently three different series of U. In general, though, a savings bond is sold as a zero-coupon bond at a discount, and will reach its full value at its maturity. Therefore, savings bonds mature to their full face value.
The U. Treasury doesn't much care if you hang onto a savings bond after it reaches final maturity. On the other hand, final maturity is very important to the Internal Revenue Service. The IRS wants the taxes due on your bond even if you haven't yet gotten around to cashing it in.