Series E Series E bonds were first issued in May 1941. They played a major role in financing World War II and continued as a stable method of debt financing. Series E bonds were withdrawn from sale as of June 30, 1980. They were replaced by Series EE bonds . Series E bonds are accrual bonds which were issued at 75 percent of face amount.
Interest is paid at redemption as part of the current redemption value.
Series E bonds may be redeemed by many financial institutions and by Federal Reserve Banks. To find out what Series E bonds are worth, try our online Savings Bond Calculator. Series E bonds have had varying original maturity periods depending on their issue dates, ranging from 10 years for the oldest bonds to 5 years for the last ones issued. Series E bonds issued from May 1941 to November 1965 have been granted three 10-year extended maturity periods. Those issued after November 1965 have been granted two 10-year extended maturity periods.