How much is a $50 EE savings bond worth at maturity?

For example, if you purchased a $50 Series EE bond in May 2000, you would have paid $25 for it. The government promised to pay back its face value with interest at maturity, bringing its value to $53.08 by May 2020. A $50 bond purchased 30 years ago for $25 would be $103.68 today.

What does EE bond stand for?

EE Bonds are zero-coupon bonds in that they earn interest monthly but do not pay that interest until they mature or are redeemed. The interest compounds semiannually. EE bonds come in either paper or electronic form. When an EE Bond matures, the investor receives the face value of the bond plus accrued interest.

Are EE bonds worth buying?

Series EE Savings Bonds are a good choice for gifts, retirement planning, and diversification because they are guaranteed to double in value if held for at least 20 years. Even if the interest rate is low, the U.S. government will make a one-time adjustment to fulfill this guarantee.

Do EE bonds continue to earn interest?

EE bonds earn interest until they reach 30 years or until you cash them, whichever comes first. You can cash them after 1 year. But if you cash them before 5 years, you lose the last 3 months’ interest. (For example, if you cash an EE bond after 18 months, you get the first 15 months of interest.)

What is the current interest rate for EE bonds?

0.10\%
Effective today, Series EE savings bonds issued November 2021 through April 2022 will earn an annual fixed rate of 0.10\%. Series I savings bonds will earn a composite rate of 7.12\%, a portion of which is indexed to inflation every six months. The EE bond fixed rate applies to a bond’s 20-year original maturity.

Do EE bonds double in 20 years?

The annual interest rate for EE bonds issued from November 2021 through April 2022 is 0.10\%. Regardless of the rate, at 20 years the bond will be worth twice what you pay for it.

What is EE bond interest rate?