A savings bond is a type of debt security issued by the U.S. government. It is a low-risk investment that offers a fixed rate of return over a set period of time. Savings bonds are often used as a way to save for future expenses, such as education or retirement.
Savings bonds mature at different times, depending on the type of bond. Series EE bonds mature in 20 years, while Series I bonds mature in 30 years. You can check the maturity date of your savings bond by looking at the front of the bond. The maturity date is printed in the lower right-hand corner.