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1 maj 2024 · With a Series EE bond, you wait to get all the money until you cash in the bond. Electronic EE bonds: We pay automatically when the bond matures (if you haven’t cashed it before then). Paper EE bonds: You must submit the paper bond to cash it.
- Tax Considerations
Your EE and I savings bonds earn interest from the first...
- Redeem
You can get your cash for an EE or I savings bond any time...
- Tax Considerations
Series E and EE bonds. Series E bonds were issued before 1980. All Series E bonds have matured and are no longer earning interest. Series EE bonds were first offered in January 1980 and have a maturity period of 30 years; they were offered in paper (definitive) form until 2012.
Your EE and I savings bonds earn interest from the first month you own them. You get the interest all at once. For a paper bond, this happens when you cash the bond. For an electronic bond, it happens either when you cash the bond or when the bond finishes its 30-year life (it matures ).
9 kwi 2024 · Savings bonds. I cashed some Series E, Series EE, and Series I savings bonds. How do I report the interest? Back to Frequently Asked Questions. Page Last Reviewed or Updated: 09-Apr-2024.
1 maj 2024 · EE Bonds. Guaranteed to double in value in 20 years. Earn a fixed rate of interest. Current Rate: 2.70%. For EE bonds issued May 1, 2024 to October 31, 2024. Electronic only – keep them safe in your TreasuryDirect account. Buy for any amount from $25 up to $10,000.
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.
Comparing Series EE and Series I Savings Bonds. Treasury currently offers two series of savings bonds: EE and I. You can buy EE bonds and I bonds in electronic format in TreasuryDirect. You can buy paper I bonds with your IRS tax refund.