When do Series EE bonds mature? (2024)

Key points

  • Series EE bonds mature in 20 years but earn interest for up to 30 years.
  • The U.S. Treasury guarantees Series EE bonds will double in value in 20 years.
  • You don’t receive the interest on your Series EE bond until you cash it.

Series EE bonds have been a low-risk way for Americans to save money since 1980. Many conservative investors enjoy the safety and predictability of these savings vehicles, which are backed by the full faith and credit of the U.S. government and come with a double-your-money guarantee. But they aren’t right for everyone.

“While Series EE bonds are considered long-term investments due to their extended maturity, there are limits and considerations that must be taken into account,” said Nicholas Yeomans, a certified financial planner and president of Yeomans Consulting Group. “One of the biggest considerations is that they may not keep up with inflation over time. This means that your purchasing power could erode.”

The rate on Series EE bonds ​​issued from May 1, 2024, to Oct. 31, 2024, is 2.70%. Meanwhile, the consumer price index increased 3.50% in the 12 months through March 2024. That means any money you have in a Series EE bond at the current rate is effectively losing value every day.

Since the Federal Reserve started raising rates in early 2022, “Series EE bonds have become less attractive compared to bonds that can be purchased in the open market in any brokerage account,” said Russell Hackmann, a certified financial planner and president of Hackmann Wealth Partners. You can find higher rates on one-year certificates of deposit, which offer upward of 5%.

But Series EE bonds may have a place in your portfolio depending on what you’re looking for from your investments. You can purchase them for as little as $25 or as much as $10,000 and receive a fixed interest rate for 20 years. The government also offers a double-your-money guarantee when the bond matures that can be enticing for some savers.

How long does it take for a Series EE bond to mature?

“Series EE bonds have unique rules with regard to how their maturity and interest accrue,” Yeomans said.

How long it takes a Series EE bond to mature depends on when it was issued. Bonds issued in May 2005 or later have an initial maturity of 20 years, at which point the government guarantees you’ll receive double your initial investment.

You can hold your bond for another 10 years and still earn interest, however.

“Series EE bonds can be redeemed after the first year,” Yeomans said. But beware: You’ll forfeit the last three months of interest if you redeem a Series EE bond before five years.

Maturity dates for Series EE bonds

The time to initial maturity for Series EE bonds has varied historically, ranging from eight years in the early 1980s to 20 years today. Note that the times in the table below are for initial maturity. In all cases, the total interest-earning period is 30 years.

Series EE bond maturity periods


January 1980 to October 1980

11 years

November 1980 to April 1981

Nine years

May 1981 to October 1982

Eight years

November 1982 to October 1986

10 years

November 1986 to February 1993

12 years

March 1993 to April 1995

18 years

May 1995 to May 2003

17 years

June 2003 and later

20 years

What factors influence Series EE bond maturation?

If you define maturation as when a Series EE bond stops earning interest, time is the only factor influencing it. You will earn interest for 30 years after the bond’s issue date.

If you define maturation as when a Series EE bond doubles in value, the prevailing interest rate also plays a role. While the U.S. government guarantees that your bond will double in value in 20 years — even if it must add money to your account — a higher interest rate may enable your bond to double in value sooner.

You can use the Rule of 72 to determine approximately how long it will take your investment to double in value based on its fixed annual rate of return. To do so, divide 72 by the interest rate.

For example, new Series EE bonds earning a 2.70% interest rate will double in value in 26.67 years. So if you buy a new Series EE bond today, you’re likely to get extra money from the government in year 20.

Also keep taxes in mind when determining your bond’s value. Series EE bonds are not subject to state or local taxes. But you must pay federal income tax on the interest. You can pay the tax as interest accrues or all at once when you cash in the bond.

Not paying interest along the way can lead to a “big surprise” if you hold the bond for multiple decades, Yeomans said.

You may not owe taxes on the bond’s earnings if you use the money for higher education. Still, Yeomans said a 529 account could be a better choice for college savings.

How do Series EE bonds accrue interest?

While a Series EE bond accrues interest monthly, you won’t receive this income until you cash in the bond. The accrued interest is added to your principal twice a year.

The interest rate on Series EE bonds issued in May 2005 or later is fixed for the first 20 years. It can vary in the final 10 years. If the interest rate changes, the U.S. government will notify you before the 20th year so you can decide if you want to hold the bond or cash it in. After 30 years, the bond no longer earns interest.

The current rate on Series EE bonds is 2.70%. “Better rates are available on CDs or Treasury bonds purchased in the open market, whether short term or out as far as 30 years,” Hackmann said.

Frequently asked questions (FAQs)

You must wait at least 20 years to cash in your Series EE bond if you want it to double in value. While you can cash in your bond anytime after the first year, doing so before five years will cost you the last three months of interest.

A Series EE bond stops earning interest after 30 years. At this point, you’ll want to cash it in so you can reinvest your money elsewhere.

Series EE bonds stop paying interest after 30 years or when you cash them in if you do so before 30 years. You are guaranteed a fixed interest rate for the first 20 years on Series EE bonds issued in May 2005 or later. While the government may change the rate after 20 years, it will pay interest for 30 years or until you cash in the Series EE bond.

When do Series EE bonds mature? (2024)


When do Series EE bonds mature? ›

Key takeaways. Series EE bonds issued today will mature in 20 years, and they are guaranteed to double in value over that time. You can let the bond continue to accumulate interest for an additional 10 years after maturity.

When should I cash in my Series EE 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 $100 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 do I know if my Series EE bonds are mature? ›

Current Series EE bonds mature after 30 years, but they are guaranteed to double in value in the first 20 years during which time the interest rate is fixed. For example, if you invested $5,000 into Series EE bonds today, you are guaranteed to have at least $10,000 in 20 years.

What happens to EE bonds after 30 years? ›

EE bonds earn interest until the first of these events: You cash in the bond or it reaches 30 years old. Therefore, many of these bonds have stopped earning interest. If you moved your EE bond into a TreasuryDirect account, we pay you for the bond as soon as it reaches 30 years and stops earning interest.

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).

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.

Is there a penalty for not cashing EE bonds after 30 years? ›

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 EE bonds double in value after 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.

Do EE bonds lose value after maturity? ›

When Do Savings Bonds Mature? U.S. Savings Bonds mature after 20 or 30 years, depending on the type of bond: Series EE bonds mature after 20 years. They are sold at half their face value and are worth their full value at maturity.

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.

Should you cash in EE bonds before maturity? ›

It's a good idea to hang on to your bond for as long as possible, ideally until it matures, so you can take full advantage of compound and accrued interest. Here's how that decision might pay off with EE bonds. Let's say you purchased the maximum of $10,000 in EE bonds today, with the current interest rate of 2.10%.

How do you cash out Series EE bonds? ›

You can cash in an EE savings bond after you've owned it for one year—but the longer you own the bond, the more you'll earn. Paper Series EE savings bonds: You may be able to cash these bonds in at your bank if it provides that service. You can also cash them in by mail through TreasuryDirect.gov.

Do Series EE bonds double in value after 30 years? ›

Series EE bonds are savings bonds issued by the U.S. government that earn interest regularly for 30 years or until you cash them if you do so before then. The government guarantees they will double in value in 20 years, even if it must add money to your account to make that happen.

Can I cash my deceased parents' savings bonds? ›


Series EE, Series E, and Series I bonds can be cashed at a local financial institution. Some of these transactions may have to be forwarded for further processing. Series HH and Series H bonds must be sent to one of the addresses shown at the bottom of the following page.

Can you cash a savings bond after 30 years? ›

They're available to be cashed in after a single year, though there's a penalty for cashing them in within the first five years. Otherwise, you can keep savings bonds until they fully mature, which is generally 30 years. These days, you can only purchase electronic bonds, but you can still cash in paper bonds.

How do I avoid taxes when cashing in savings bonds? ›

You can report the interest each year you earn it or when you cash the bond. You will report it on Schedule B of your 1040. You can avoid these taxes by using the money for qualified higher education expenses.

Is there a good time to cash in savings bonds? ›

It's possible to redeem a savings bond as soon as one year after it's purchased, but it's usually wise to wait at least five years so you don't lose the last three months of interest when you cash it in. For example, if you redeem a bond after 24 months, you'll only receive 21 months of interest.

How long do you have to hold Series EE bonds? ›

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.

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