Do Series EE bonds ever expire?

Series EE and I bonds mature 30 years from their issue date.

What happens to Series 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.

Is there a penalty for not cashing in matured EE savings bonds?

There is no penalty if you simply hold onto the bond after five years. There is value in holding onto most bonds. The longer they mature, the more interest bonds earn.

Should I cash my EE savings bonds after 20 years?

Even though series EE bonds don't reach full maturity until 30 years, you don't have to wait this long to cash in the bond.

How long does a Series EE bond last?

All Series EE Bonds reach final maturity 30 years from issue.

Series EE vs Series I Bonds & Step-By-Step Walkthrough

When should I cash in my Series EE bonds?

You can cash in (redeem) your EE bond after 12 months. However, if you cash in the bond in less than 5 years, you lose the last 3 months of interest. For example, if you cash in the bond after 18 months, you get the first 15 months of interest. See Cash in (redeem) an EE or I savings bond.

What happens to Series EE bonds when the owner dies?

It does not become part of the estate of the person who died. If you are the named co-owner or beneficiary who inherits the bond, you have different options for paper EE or I bonds and paper HH bonds. If only one person is named on the bond and that person has died, the bond belongs to that person's estate.

How much interest does a EE bond earn after 20 years?

The interest rate for an EE savings bond is set at issue, and after 20 years the Treasury guarantees that the value of your bond value will have doubled. This means that a $25 dollar bond will be worth $50 after 20 years—equaling an average annual interest rate of 3.527%.

What to do with EE bonds that have matured?

When those bonds mature and stop earning interest, it is time to redeem them. Redeeming bonds is easy - just take them to a local bank or send them to the Bureau of the Fiscal Service. Directions are available on our web site at TreasuryDirect.gov.

Do you pay taxes when you cash in EE bonds?

The 1099-INT will only come when someone cashes the bond or the bond matures. The interest will be reported under the name and Social Security Number of the person who cashes the bond or who owns it when it matures. The 1099-INT will include all the interest the bond earned over its lifetime.

How do I avoid taxes on EE bonds?

Use the Education Exclusion

You can skip paying taxes on interest earned with Series EE and Series I savings bonds if you're using the money to pay for qualified higher education costs. That includes expenses you pay for yourself, your spouse or a qualified dependent.

Can EE savings bonds lose value?

Series EE bonds mature after 20 years. They are sold at half their face value and are worth their full value at maturity.

Should I cash in old savings bonds?

Most savings bonds stop earning interest (or reach maturity) between 20 to 30 years. 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.

How do I check the value of my EE bonds?

Should I cash in my Series EE bonds early?

Pro Tip. Avoid cashing in your savings bond early, unless you need cash now or plan to invest the money in an account that earns higher interest.

How do you cash in old series E bonds?

You cannot cash them. You can only cash bonds that you own or co-own unless you have legal evidence or other documentation that we accept to show you are entitled to cash the bond.

How do you cash in a savings bond that has matured?

Can you convert mature EE bonds to I bonds?

You may convert Series EE and I Savings Bonds registered in your name alone, and in your name with a co-owner or beneficiary (POD). With a few exceptions, you'll have the same flexibility with converted bonds as you have with securities bought in TreasuryDirect.

Which is better EE or I savings bonds?

EE Bond and I Bond Differences

EE bonds offer a guaranteed return that doubles your investment if held for 20 years. There is no guaranteed return with I bonds. The annual maximum purchase amount for EE bonds is $10,000 per individual whereas you can purchase up to $15,000 in I bonds per year.

Which EE bonds are no longer earning interest?

All Series E savings bonds have matured and stopped earning interest. Series EE bonds issued from January 1980 through May 1992 are no longer earning interest.

Can I cash my deceased parents savings bonds?

OPTION: Payment to a beneficiary is at the option of your financial institution. If your institution doesn't want to make the payment, refer the customer to TreasuryDirect.gov and its instructions for cashing by mail. Don't cash the bond. The customer must have a certified death certificate.

Can you transfer Series EE bonds to another person?

Transferring Securities. Are EE and I Bonds transferable? Yes. The owner can transfer EE and I Bonds to another person with a TreasuryDirect account; however, you must wait five business days after the purchase date to transfer the bonds.

Can you add a beneficiary to a savings bond?

Once in your TreasuryDirect account, the bond will be registered in your name alone. You can then add either a secondary owner or beneficiary. Once you have a TreasuryDirect account, you can convert other paper bonds you own to electronic bonds.

Will I get a 1099 for cashing in savings bonds?

If you have cashed paper savings bonds, you will receive a 1099-INT in the mail. If you have paper HH savings bond that pay you interest every six months, you will also get a 1099-INT in the mail.

Are Series EE bonds worth face value?

Electronic Series EE Bonds are sold at face value and are worth their full value when available for redemption. The minimum term of ownership is one year, but a penalty is imposed if the bond is redeemed in the first five years. The bonds earn interest for 30 years.