Savings bonds? Do they only double?

Question

I have savings bonds from family memmbers when I was a baby- give or take that these bonds are anywhere from 20-28 years. Is it true they only double after 18 years or can there value be a little more? I have about 800 dollars in bonds from 1980-88

Answer 1

No, they do not "only double."  EE bonds earn interest for 30 years from date of issue.

Answer 2

If you go on the US Treasury web site it will direct you to Savings Bond Wizard.  You can enter the information from the bond into the Wizard program and the Wizard program will tell you how much the bond is worth.