What is a 'Series EE Bond'.
All Series E and EE Savings Bonds have already passed their original maturity date except for those listed in the following table: Series EE Savings Bond original maturity.They cannot be bought or sold in the open market, hence, they are classified as non-marketable securities.Since EE bonds earn interest for up to 30 years, the longer the bonds are held, the more they are worth.Paper bonds were issued at a 50 discount to par, while bonds purchased kl premium escort electronically (through TreasuryDirect) are purchased at face value ; the latter are still guaranteed to be worth twice their original value at first maturity date after 20 years, and pay interest the same.Savings bonds must be held at least one year before they can be redeemed by the bondholder.Explain this as clearly as you can.Series EE bonds are government savings bonds that have a guarantee from the US government to at least double in value over the first term of the bond.It is subject to federal tax, however, but only in the year in which the bond matures or is redeemed.Toms response, it depends on what you mean by maturity.Bonds issued after this date increase in value monthly, but interest payments are semiannual.Interest on Series EE bonds is typically exempt from state and local taxes, and coupon rates are assigned based on a percentage of the long-term Treasury rates at the time of issuance.Paper EE bonds were re-issued as Patriot Bonds after the September 11, 2001 terrorist attacks.
This means that a bond investor will lose the last three months of interest accrued on the bond if he redeems the bond early.
The Series EE Bond is a non-marketable, interest-bearing.S.
I invested in Savings Bonds in 19When do they reach maturity?Final maturity when they stop earning interest is 30 years after the issue date for all Series EE and I Savings Bonds, as well as for all Series E bonds that are still earning interest.May 95 May 03 17 years.12, jun 03 present 20 years.50, rate this post (1 to 5 stars (Average rating:.79 stars fDIC Insured Certificates of Deposit can pay 1 or 2 more than savings bonds when held for a similar length.Issue Date, original term, implied interest rate, mar 93 Apr 95 18 years.89.Note that depending on the number of suggestions we receive, this can take anywhere from a few hours to a few days.One of our editors will review your suggestion and make changes if warranted.Series EE bonds issued after May 2005 are assigned a fixed coupon rate; rates are set twice per year on May 1 and November 1, and apply to all issuances for the ensuing six months.Financial institutions no longer issue Series EE bonds in paper form, but the paper "Patriot Bonds" can still be cashed or converted to electronic bonds.Series EE bonds are considered ultra-safe, low-risk investments.