Q:

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

A:

Quick Answer

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:

    How can I find the value of my US Savings Bond?

    A:

    The government website Treasury Direct allows people to calculate the current and future value of savings bonds. Simple calculators with drop-down boxes and step-by-step instructions are available on the site.

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    How do you find the maturity of a US savings bond?

    A:

    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.

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    When can you cash in an EE savings bond?

    A:

    Holders of EE savings bonds must hold them for at least one year before cashing them out. EE savings bond holders who redeem them prior to five years after the purchase date suffer a penalty, which forfeits the three most recent months of interest.

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