Can Grandparents Buy EE Savings Bonds for Their Grandchild's Education?

Series EE Bonds double their face value in 30 years.

The U.S. Treasury continues to offer Series EE savings bonds to consumers. These bonds can be purchased for self-ownership or as gifts for anyone, including grandchildren.

Background

Series EE Bonds can be bought and held for up to 30 years. Consumers can buy them directly through an electronic account or by paper from a registered financial institution.

EE Bond Availability

EE Bonds are available to grandparents and others for as little as $25 face value to as much as $5,000. The bond itself doubles in value over 30 years. While paper is still available, the U.S. Treasury is marketing purchases to be made over their electronic website, TreasuryDirect, as they begin to phase out paper bonds from their system.

Purchasing as a Gift

Grandparents can secure a bond for a grandchild with the child's legal name and Social Security number. Paper purchases generally take at least three weeks for processing and receipt, so bear this in mind if the bond is intended for a birthday or holiday.

References

• TreasuryDirect: EE/E Savings Bonds
• TreasuryDirect: EE Savings Bonds in Depth
• TreasuryDirect: Savings Bonds as a Gift

Resources

• TreasuryDirect: Savings Bonds Purchase Limits