Q:

How long does it take for a savings bond to mature?

A:

The time it takes for a savings bond to mature is completely based on the bond issued, so owners of a savings bond need to check the "issued to" date on the bond to see when it will mature. The time a bond takes to mature is the difference in time between its "issued from" date to its "issued to" date.

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Full Answer

Depending on the condition of the bond, a savings bond may enter into a period of extension after it matures. This is generally a 10-year period in which the bond continues to accrue interest. Although certain bonds can continue to gain interest many years after the extension period, a bond will never earn interest for more than 40 years from the issued date.

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Related Questions

  • Q:

    How does a savings bond mature?

    A:

    A U.S. Savings Bond matures 12 months after being purchased. After this period the bond may be cashed in for its face value plus accrued interest. The bond earns additional interest beyond the initial one year maturity date, up to 30 years.

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  • Q:

    When do you cash in a Series EE savings bond?

    A:

    A Series EE savings bond can be redeemed after it is 12 months old, according to the U.S. Department of the Treasury. If redeemed before it is five years old, the last three months of interest are lost. EE bonds earn interest for 30 years if held to maturity.

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    What is a U.S. savings bond?

    A:

    A U.S. savings bond is a debt security that is issued by the Department of the Treasury. Its function is to pay for the borrowing needs of the government. A savings bond is backed by the credit of the U.S. government and considered a safe investment.

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    How do you cash a series HH savings bond?

    A:

    Cashing a series HH savings bond requires that the bond be sent to the Treasury Retail Securities Site. Along with the bond containing the owner's certified signature, the bond owner may also include form PD F 5396, a direct-deposit form detailing to which account the bond proceeds should be paid.

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