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How long for a patriot bond to mature

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Saturday, November 9, 2019 1:48:37 PM
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Amazing video guys.. The time it takes a savings bond to reach face value depends on the series of bond and the value at which it was sold. There are three different series of bonds. Chub (gay slang) EE bonds are sold for half of face value, and the U. Treasury Department guarantees that they will reach face value after 20 years. If the interest payments doesn't cause the bond to reach full face value at the end of 20 years, the government will do a one-time adjustment to bring the bond's value to equal face value.
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Treasury recommends EE bonds as a safe and patriotic investment with the full backing of the U. Paper EE bonds used to be available through savings institutions, but now the Treasury sells electronic EE bonds online at TreasuryDirect.

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If you have your Patriot bonds in hand, you might be able to convert the bonds to cash before the end of the day. Because your Patriot bonds are regular series EE savings bonds, cashing in the bonds is a well-oiled process.

The United States Treasury Department used to sell Series EE bonds at half the face value with the promise that the bond would eventually reach face value. The Treasury now sells the bond at face value and the bond earns interest over time so you get more than the face value back when you cash it in. You're allowed to cash in your EE savings bonds as shortly as 12 months after buying the bond; however, if you cash in your bond before you've owned it for at least five years, you lose the last three months of interest as an early withdrawal penalty.

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