2006-09-11 09:19:34 · 5 answers · asked by Dexter G 1 in Business & Finance ➔ Investing
The question was when...not where.
Minimum term of ownership: 1 year (although they earn interest for 30 years).
If you redeem them before 5 years, you'll forfeit 3 most recent months' interest after 5 years, there is no penalty.
I don't particularly like EE bonds. The rate is usually terribly low and there are often better alternatives (especially if you're keeping them for 30 years).
3.70% through October 2006 (fixed rate)
2006-09-11 09:28:25 · answer #1 · answered by derek 4 · 1⤊ 0⤋
You can redeem a Savings Bond after one year. For example, a bond issued on any day in November 2005 can be redeemed beginning November 1, 2006.
There's a lot more information about cashing Savings Bonds here:
http://www.savings-bond-advisor.com/how-to-cash-in-a-savings-bond/
2006-09-14 04:34:22 · answer #2 · answered by Tom W 2 · 0⤊ 0⤋
You must hold a EE Bond for a period of one year before it is eligible for redemption.
2006-09-12 12:01:10 · answer #3 · answered by Lisa J 1 · 0⤊ 0⤋
Any national bank and almost all state banks, thrifts and credit unions.
2006-09-11 09:21:33 · answer #4 · answered by OPM 7 · 0⤊ 1⤋
smart too hold them until maturity!
2006-09-11 16:59:01 · answer #5 · answered by General Custer 4 · 0⤊ 0⤋