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I have several EE series US savings bonds which I would like to cash, they were all given to me on the same date in different years, and I calculated the interest online, the calculator said that based on the info I provided the accrual date was in one month.

Does this mean that I should wait one more month to accrue one more set of interest before cashing the bonds, or is the interest added in such a way that it does not matter when I cash them?

  • If you are not in a hurry, wait. If you are in a hurry, cash them right away. Unless the bonds have large face value, the difference in what you will get will be quite small. – Dilip Sarwate May 27 '15 at 20:14
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Many years ago I had EE bonds, I had originally bought them via payroll deduction. They were credited with the interest every 6 months. When I decided to cash out of them to maximize the return I took the ones that had just had the interested credited to the bank. I took a new batch every month for 6 months.

If your bonds work the same way and you cash them out a month before the interest credit you are giving up 5 months of interest. If that is a negligible amount then there is no harm, but if you can wait you can capture that last bit of interest.

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