Series EE Savings Bonds

NOTE: Tax questions? We have answers!

Series EE savings bonds are low-risk savings products that earn interest until they reach 30 years or you cash them, whichever comes first. The only way to buy EE bonds is to buy them in electronic form in TreasuryDirect. We no longer issue EE bonds in paper form. As a TreasuryDirect account holder, you can purchase, manage, and redeem EE bonds directly from your web browser.

Use EE bonds to:

at a glance
Current rate: 0.10% for bonds issued May - October 2022
Guarantee: Bonds we sell now will double in value if kept for 20 years
Minimum purchase: $25
Maximum purchase
(per calendar year):
Denominations: $25 and above, in penny increments
Issue method: Electronic, in TreasuryDirect

Rates & Terms

  • Series EE bonds issued May 2005 and after earn a fixed rate of interest.
  • EE bonds purchased between May 1997 and April 30, 2005, earn a variable rate of interest.
  • Interest is added to an EE bond monthly and paid when you cash the bond.
  • Paper bonds were sold at half the face value; i.e., you paid $25 for a $50 bond.
  • Electronic bonds purchased via TreasuryDirect are sold at face value; i.e., you pay $25 for a $25 bond.
  • At 20 years, a bond we sell now will be worth twice what you pay for it. If you keep the bond that long, we make a one-time adjustment then to fulfill this guarantee.

Redemption Information

  • Minimum term of ownership: 1 year
  • Interest-earning period: 30 years or until you cash them, whichever comes first
  • Early redemption penalties:
    • Before 5 years, forfeit interest from previous 3 months
    • After 5 years, no penalty

Tax Considerations

  • Savings bonds are exempt from taxation by any State or political subdivision of a State, except for estate or inheritance taxes.
  • Interest earnings are subject to Federal income tax.
  • Interest earnings may be excluded from Federal income tax when bonds are used to finance education (see education tax exclusions). Restrictions apply.

EE Bond-Related FAQs

  • What happens if I lose my paper bond?
  • Is my EE bond eligible for the Education Tax Exclusion?

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