What is the maturity of a Series EE U.S. savings bond?
Series EE bonds are U.S. government-guaranteed savings bonds. Depending on the type of bond purchased, the amount of interest paid may vary.Series EE Bond MaturitiesAll Series EE bonds earn interest for 30 years.Pricing of Paper EE BondsPaper EE bonds are priced at a discount and double in value after a specified time. For example, for a $50 paper EE bond, you pay $25 at issuance. For bonds issued since June 2003, the bonds double in value after 20 years. After 20 years, they earn the same interest rate as electronically issued EE bonds.Electronic EE BondsFor electronic EE bonds, the rate of interest for new bonds is calculated every May 1 and November 1 by the government.Penalties Before MaturityAll EE bonds must be held for at least one year. Bonds sold less than five years after issuance incur a three-month interest penalty that is subtracted from the proceeds of the sale.Older EE BondsAs a result of higher interest rates, EE bonds issued before June 2003 doubled in value at faster
