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Is it bad to redeem Savings Bonds early?

April 6, 2009 by How Savings Bonds Work  
Filed under More Bonds Answers

Can you answer richardyarnell’s question about Bonds?:

I have two US Savings Bonds (EE Series). The final maturity date is in 2023. Would it be bad to redeem them now?

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Comments

2 Responses to “Is it bad to redeem Savings Bonds early?”

  1. Jay L on April 8th, 2009 2:22 am

    Bonds Feedback: Its not bad. You just wont get the face value. You will still get the purchase price plus what ever interest has accrued since.

  2. planningahead on April 9th, 2009 5:13 pm

    Bonds Feedback: You cannot redeem them for 1 year after purchase, and there is a penalty (loss of several month’s interest) is you redeem before 5 years.

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