How long are hh bonds good for

Instead, interest is paid out every six months and sent directly to the bond owner's bank account. HH bonds mature in 20 years. For the first 10 years, they pay a fixed rate. At the 10 year mark, all HH bonds pay a current interest rate. HH bonds stop earning interest after 20 years. Investors bought HH bonds at face value. Since interest is not added to the bond, the value does not change. At maturity, the bond will have the same dollar value it had when it was issued.

They will cash your bonds after the June interest has been paid. You must complete and sign FS Form download or order. Your signature may need to be certified see instructions on the form. Box , Minneapolis, MN If you are not listed as the owner or co-owner on the bond, you must provide legal evidence or other documentation to show you are entitled to cash the bond.

We don't return legal evidence. Note: Individual savings bonds may not be split and must be distributed in full. Also, if your bond carries deferred interest, we mail you an IRS Form INT after you cash the bond or it matures, whichever comes first. If you are the owner or co-owner of the bonds, send a signed request to the address below. Include the serial numbers of the bonds you are asking about. If the owner or both co-owners have died, you must provide proof such as a copy of the death certificate s , with your letter and explain in the letter how you are entitled to information about the bonds.

We don't return a death certificate or other legal evidence. All H bonds have matured. Department of the Treasury, Bureau of the Fiscal Service. Other Treasury Securities.

Series HH bonds are also sold at face value, with bondholders receiving interest payments through direct deposit every six months for the year life of the bond. As of Jan. HH bonds have not been available for purchase since Aug. Treasury Direct. Fixed Income Essentials. Certificate of Deposits CDs. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.

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We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Bonds Fixed Income Essentials. Table of Contents Expand. History of U. Savings Bonds. Series EE Bonds. Series I Bonds. Series HH Bonds. Key Takeaways Savings bonds are sold by governments to their citizens to help fund federal spending, and provide savers with a risk-free return.

Savings bonds are sold at a discount and do not pay regular interest. Instead, as they mature, they increase in value until they reach full face value at maturity. The time to maturity for savings bonds will depend on which series issue is owned.