When the bonds reach final maturity, they stop earning interest. Series EE bonds issued in January 1989 reached final maturity after 30 years, in January 2019. That means that not only have they stopped earning interest, but all of the accrued and as yet untaxed interest is taxable in 2019.
How do you know when a US savings bond has matured?
To see if your bond has matured, start by looking at the series name on the upper right corner of the bond. If it’s a series E or series H bond, then it’s matured, as all of those bonds are no longer being issued and all the existing ones have already hit their maturity date.
When does a series I savings bond mature?
If it’s a series EE or series I bond, then it matures 30 years after the issue date. You can find the issue date right under the series name, on the upper right corner of the bond. Series HH bonds mature 20 years after the issue date.
How do you find the maturity of a US savings bond?
Find the maturity date of U.S. savings bonds by finding the issue dates on the bonds and adding the number of years the bonds can earn interest according to the table on a U.S. Department of the Treasury website, TreasuryDirect. Once bonds reach final maturity, owners should redeem them.
How long have savings bonds been earning interest?
How long savings bonds earn interest, based on issue date: SERIES ISSUE DATE NUMBER OF YEARS BONDS EARN INTEREST E May 1941- November 1965 40 years E December 1965 – June 1980 30 years EE All issues 30 years H June 1952- January 1957 29 years, 8 months
How can I find out if my bond has matured?
Find the maturity date. To see if your bond has matured, start by looking at the series name on the upper right corner of the bond. If it’s a series E or series H bond, then it’s matured, as all of those bonds are no longer being issued and all the existing ones have already hit their maturity date.
