How long to reach face value
Wednesday, December 29th, 2004
Categorized as: Series EE US Savings Bonds
How long does it take a savings bond to reach face value?
Tom's response
If you buy a paper Series EE Savings Bond today, it is guaranteed to reach face value in 20 years, however, it could get there before that if market rates are high enough.
Electronic EE bonds and both paper and electronic I bonds are sold at face value.
If you're talking about an EE bond you bought in the past, the time to reach face value depends on when you bought it.
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You didn't answer the question on how long for EE bonds to reach face value. My children's bonds (var. amounts $75, $100 and $500) were purchased in 9/1996. So in other words, when will the $100 bond be worth $100?
Thank you for your help.
The Series EE original maturity guarantee depends on when the bond was issued. Bonds issued in:
How about electronic EE bonds which sold at face value. How maturity guarantee works?
My original answer to the question, written over a year ago, leaves a lot to be desired. Let me start over from the beginning:
How long does it take a savings bond to reach face value?
Newly issued Series EE, but not Series I, Savings Bonds have a feature that guarantees your investment will double in value in 20 years.
Since paper EE bonds are sold at half of their face value, this guarantee also means they will reach their face value in 20 years.
Depending on their issue date, EE bonds issued before June 2003 have either already doubled in value or will double in value in 17 or 18 years.
The guarantee applies to both paper and electronic EE bonds. Athought electronic EE bonds don't have a face value, your investment is still guaranteed to double in value in the required number of years.