HH Bonds interest rates
HH bonds earn interest until the first of these events: You cash in the bond or the bond reaches 20 years old.
Most HH bonds have already reached 20 years and have stopped earning interest. If you still have an HH bond, check the issue date. If that date is more than 20 years ago, the bond isn’t earning interest and you may want to cash it. See Cashing HH savings bonds
Some HH bonds will finish their 20-year life between now and 2024. . Any HH bond dated 2004 has now matured and should be sent in for redemption. The deferred interest, if any, shown on the face of each HH savings bond will be reportable to the IRS whether you redeem the bond or not. Deferred interest is reportable when they are redeemed or in the tax year the bonds mature, whichever occurs first.
Current Rates
HH bonds earn a fixed rate of interest
The interest rate was fixed for the bond's first 10 years. We had the right to reset that interest rate on the bond's 10th anniversary for the bond's last 10 years.
All HH bonds that are still earning interest are in their last 10 years.
The interest rate of 1.5% per year is the current interest rate for all HH bonds that are still earning interest.
Interest payment dates depend on when we issued your HH bond
We pay the interest on your HH bonds directly to you every 6 months. The month depends on when we issued your bond.
| If we issued your HH bond in | We pay you interest on |
|---|---|
| January | January 1 and July 1 |
| February | February 1 and August 1 |
| March | March 1 and September 1 |
| April | April 1 and October 1 |
| May | May 1 and November 1 |
| June | June 1 and December 1 |
| July | July 1 and January 1 |
| August | August 1 and February 1 |
| September | September 1 and March 1 |
| October | October 1 and April 1 |
| November | November 1 and May 1 |
| December | December 1 and June 1 |
At 1.5% per year, the interest is
| If your bond is | You get this amount in interest every 6 months |
|---|---|
| $500 | $3.75 |
| $1,000 | $7.50 |
| $5,000 | $37.50 |
| $10,000 | $75.00 |
This interest goes directly to you. It does not get added to the value of the bond. The value of an HH bond never changes.
When you cash an HH bond, you are paid its face value. You cannot buy more HH bonds. But you can buy our other bonds – EE or I bonds. See Buying savings bonds.