Key points
- EE bonds are guaranteed to double in value over 20 years.
- The interest your EE bonds earn is subject to federal income tax.
- The best time to cash your EE bonds depends on your financial needs.
You might have found savings bonds tucked into your birthday or holiday cards as a child. But if you haven’t given this investment option much thought since then, it’s time to get reacquainted.
Series EE bonds, issued by the U.S. Treasury, are the workhorses of the investment world. They aren’t flashy or volatile. Instead, they offer slow, steady and secure growth.
Looking for a way to invest for the long term? Keep reading to see whether EE bonds might be right for you.
What are Series EE bonds? And how do they work?
EE bonds are U.S. government savings bonds “designed to help investors save in a secure, low-risk product,” said James Allen, founder and certified financial…
