How do Series EE bonds work? My daughters have a couple that say 50, but the gov. calc. says they are worth 27

Question

A couple of years ago my daughters were given a couple Series EE bonds that say $50 dollars. I just found them and went to the website to look up their value. It said they were worth 27.90.

Were they purchased at $25.00 and when they mature they will be worth 50? or am I missing something?

Answer 1

Yes, they were purchased for 25, they have a maturation value of 50, and you can still hold on after that and gain interest.  Hide it and forget about it for another 10 years.  Good luck

Answer 2

no that is correct

Answer 3

Paper Series EE Savings Bonds are sold at half face value so you pay 25 for a 50 dollar bond.  The Treasury Department guarantees that new issues of Series EE Bonds will double in value by 20 years from the issue date. This is referred to as the original maturity date.

Electronic bonds purchased via TreasuryDirect are sold at face value; i.e., you pay $25 for a $25 bond.

Answer 4

when they mature they will be worth face value, then they can be upgraded to a higher series bond.

Answer 5

They are bought at $25 and mature at $50.

Modern $50 EEs can grow to larger than $50.