Updated September 4, 2026. Quick answer. Treasury stopped selling Series HH savings bonds on August 31, 2004, and every HH bond earns interest for exactly 20 years, which means every HH bond that still exists has already stopped earning interest, as of August 2024. TreasuryDirect states this directly, on three separate pages. Unlike EE or I bonds, HH bonds never accrued value quietly: interest was paid out every six months by direct deposit, so a bond’s face value never changed. A matured HH bond doesn’t expire or lose value: it’s still worth its full face amount, and you can cash it any time, but it’s paper-only, and you can’t cash it at a bank. Redemption goes by mail, to Treasury Retail Securities Services in Minneapolis, using FS Form 1522.
What’s actually settled
TreasuryDirect’s own words, from three different pages: “All HH bonds reached final maturity and stopped earning interest in August 2024.” “We no longer sell HH savings bonds. All Series HH Savings Bonds have reached final maturity as of August 1, 2024, and are no longer earning interest.” “HH bonds pay interest for 20 years. All HH savings bonds have reached final maturity.” (TreasuryDirect’s own pages aren’t perfectly consistent about the exact day: some say “August 2024,” one says “August 1, 2024”, so treat “August 2024” as the sourceable framing rather than a single confirmed date.) The bond’s value doesn’t disappear at maturity: “An HH bond is worth its face value…All remaining HH bonds are eligible to be cashed at any time.”
The numbers
| Fact | What TreasuryDirect states |
|---|---|
| Last day HH bonds were sold | August 31, 2004 |
| Interest-earning term | 20 years from issue |
| All HH bonds fully matured by | August 2024 |
| Last interest rate paid | 1.50% |
| How interest was paid | Semiannually, by direct deposit (not accrued into the bond’s value) |
| Where to redeem now | By mail, FS Form 1522, to Treasury Retail Securities Services, Minneapolis, not at a bank |
The deferred-interest question
Some HH bonds were bought not with cash but by trading in an older bond, and if the interest on that older bond hadn’t been taxed yet, the tax could be deferred into the HH bond. TreasuryDirect explains exactly when that comes due: “You don’t have to report deferred interest on your federal income tax return until you are filing your return for the year in which the first of these events occurs: You cash the HH bond. The HH bond stops earning interest. (This happens 20 years after issue.) The HH bond is reissued to show a change in ownership that is a taxable event.” Because every HH bond has now stopped earning interest, any deferred interest still attached to a bond you’re holding is now reportable, whether or not you’ve cashed it yet: “A 1099 will be sent…for bonds dated 2004, even if you do not redeem your securities.” One clarification worth having straight: “Deferred interest is not money we owe you in addition to the face value of an HH bond. It is part of the face value of the HH bond.” And if there’s no interest or deferred interest attached at all: “If we are only paying the face value with no interest or deferred interest, then you owe no tax on what we pay you. You will not get a form for your tax return.”
Sources
TreasuryDirect, “HH Bonds,” read at treasurydirect.gov on 2026-09-04. TreasuryDirect, “Cashing HH Savings Bonds,” read at treasurydirect.gov on 2026-09-04. TreasuryDirect, “Tax information for HH savings bonds,” read at treasurydirect.gov on 2026-09-04. TreasuryDirect, “Series HH Bond Offering to End August 31, 2004” (press release PA-640, 2004-02-18), read at treasurydirect.gov on 2026-09-04. Regulation: 31 C.F.R. §353, current through 2026-09-02, read via the eCFR versioner API on 2026-09-04.
General information about a federal program, not tax or legal advice, and not a recommendation to buy or sell any product. Figures and rules above are current as of the date in the quick answer; confirm anything decision-critical directly with the agency before acting on it.