Series HH Bond

August 25, 2024 Fixed Income

A Series HH bond was a discontinued U.S. savings bond that paid semiannual interest and has now reached final maturity.

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A Series HH bond was a discontinued U.S. savings bond that paid current interest every six months rather than adding interest to the bond value. TreasuryDirect states that all Series HH savings bonds have reached final maturity and are no longer earning interest.

Key Takeaways

Series HH bonds are no longer sold.
HH bonds were paper bonds sold at face value and paid interest by direct deposit.
TreasuryDirect states that all HH bonds reached final maturity as of August 1, 2024.
Owners should focus on redemption, deferred interest, tax reporting, and ownership documentation rather than future interest accrual.

How Series HH Bonds Worked

Feature	Series HH Bond Treatment
Status	Discontinued; no longer issued.
Form	Paper bond.
Purchase method	Historically issued at face value, often through exchange of eligible E or EE bonds.
Interest	Paid every six months by direct deposit while the bond earned interest.
Final maturity	20 years from issue; all have now reached final maturity.
Current task	Verify ownership, redeem, and handle any tax reporting.

Practical Example

An owner finds a paper HH bond in estate records. The useful next step is to check whether it has already been redeemed or replaced, confirm the owner or legal representative, and follow TreasuryDirect instructions for cashing HH bonds. Because all HH bonds have reached final maturity, keeping it unredeemed does not create additional interest.

Series HH Bond vs. Series EE Bond

Feature	Series HH Bond	Series EE Bond
Status	Discontinued and fully matured.	Currently issued electronically.
Interest style	Current interest paid every six months while active.	Interest accrues and compounds.
Marketability	Nonmarketable savings bond.	Nonmarketable savings bond.
Main owner question	How to redeem and report deferred interest.	Whether to buy, hold, value, or redeem under current rules.

Common Mistakes

Assuming an HH bond still earns interest.
Trying to cash an HH bond at a bank instead of following TreasuryDirect instructions.
Ignoring deferred interest shown on the face of the bond.
Treating face value, interest payments, and deferred interest as the same tax item.
Assuming someone who physically possesses the paper bond is automatically entitled to redeem it.

Public Source Checks

TreasuryDirect HH bonds explains HH bond status, denominations, face value, interest, and final maturity.
TreasuryDirect cashing HH savings bonds explains redemption, direct deposit, ownership, and tax-form handling.
TreasuryDirect HH bond interest rates explains that HH bonds have stopped earning interest and provides interest-rate context.

Savings Bond: Broader U.S. savings bond category.
Series E Bond: Historical savings bond series often relevant to exchange history.
Series EE Bond: Current savings bond series with different accrual mechanics.
Interest Income: HH bonds paid interest while active.
Tax Deferral: Deferred interest can matter when HH bonds are redeemed or reach maturity.

FAQs

Can I still buy Series HH bonds?

No. Treasury stopped issuing Series HH bonds after August 31, 2004.

Do Series HH bonds still earn interest?

No. TreasuryDirect states that all Series HH savings bonds have reached final maturity and are no longer earning interest.

Revised on Sunday, June 21, 2026

Series EE Bond

Series I Bond

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