Savings Bond Mature
They won't "mature" for 30 years.
The word mature now means, they will stop paying interest at that time.
The word *used* to mean when the bond reached face value--this is now a moving target, but often takes 20 years.
5 years and any bank will cash.
how long does it take a $100 savings bond to mature ?
7 to 10 years. You can look on the savings bond web site
How many years does it take for a US savings bond to mature. And how would I know if my bonds have matured ?
Go to this website or put "US EE/E bonds" into google and click on the links.
A US Savings Bond (EE Bond) takes "about 17 years to mature -
then they continue to earn interest until year 30 (thirty).
You buy them at 1/2 price (or someone who gave it to you buys it at 1/2 price). This means you pay $50.00 for a $100.00 bond and in 17 years it will be worth $100.00. The "extra" $50.00 is 17 years of interest.
If you cash it in beofer 17 years - the $100.00 bond will be worth more than $50.00 and less than $100.00.
If you cash it in before 5 years you lose three months of interest.
You can cash it in for the $50.00 (if it is a $100.00 bond) after 12 months (one year).
Many smaller banks no longer cash these bonds and a lot of large banks don't either. Call a bank that you have an account with and ask them if the cash US Savings bonds .
Category: Personal Finance