every six months. For example, if you bought a $100 Series EE bond in July 1996, you paid $50. From July through December 1996, the bond earned interest based on the short-term rate announced May 1996 of 4.36%. On January 1, 1997, the value of your bond increased to $51.08.
Then, what is the current I bond rate?
Effective today, Series EE savings bonds issued May 2018 through October 2018 will earn an annual fixed rate of 0.10% and Series I savings bonds will earn a composite rate of 2.52%, a portion of which is indexed to inflation every six months. The EE bond fixed rate applies to a bond's 20-year original maturity.
How many years do savings bonds earn interest?
Interest is compounded semiannually. These bonds earn interest for 30 years. Series EE Savings Bonds issue dated on or after May 1, 2005 will earn a fixed rate of interest for 20 years, at which time the bond should have reached it's face value.
What is the interest rate on EE savings bonds?
The annual interest rate for EE Bonds issued from May 1, 2018 through October 31, 2018, is 0.10%. EE Bonds issued in May 2005 and after earn interest for up to 30 years. They earn a fixed rate of interest. For the first 20 years, EE bonds earn the same fixed rate that was set when the bond was issued.