Multiply the factor times the bonds 20 year value to get an estimated 30 year value.
If a bond has not earned enough interest to double, the Treasury will make a one-time interest credit to the bond's value on the 20-year anniversary.
I invested in Savings Bonds in 19When do they reach maturity?
May 1995 through May 2003: 17 years.As of publication, new series EE bonds were guaranteed to double the original investment amount in no more than 20 years.For example, if the bond is earning.2 percent, the multiplication.032 times 11 equals.352 plus 1 equals.352.Current issue series EE bonds are guaranteed to double in no longer than 20 years.A second maturity date for series EE bonds is the time frame for a bond to double in value.See top CD Rates Below).You can redeem a savings bond as soon as one year after purchase and receive the money the same day.When you cash a bond, the earned interest becomes taxable and you will receive an IRS Form 1099 for the interest earned on the bond.Step 3, multiply your bonds guarantee / face value times the appropriate factor to obtain an estimated 30 year value.Newer Series EE Bonds - Issued After April 2005.Step 2, determine the month when your bond will double in value.Bonds issued from May 1995 to May 2003 have a term of 17 years.
The projected value of one of these bonds will be more of a ballpark figure.
Bonds issued from November 1980 to April 1981 have a term of nine years.WikiHow Contributor, put this in your will and make the language specific.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.Thus, a Series EE bond with essex show dates a 20 year term will continue earning interest for 10 years after it matures.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.Video of the Day.At that point, a savings bond will stop earning interest and has reached its final value.
The amount of money you receive is based on the interest rate the bond has earned and the initial investment amount.
For example, a 500 savings bond initially cost 250 and earns interest to grow toward the 500 denomination.
If the rate is closer.5 percent, use.6 and if the rate is near 4 percent, use.7.
Denomination Value, a series EE bond owner must be aware that the savings bond was purchased for one-half the listed denomination value.