Understand the base value of e bonds and how to calculate the accrued interest. Savings bonds are guaranteed to reach the denomination amount, a double of the original investment, in no more than 20 years. Treasury bond redemption tables, all series e bonds have reached. Collectible united states savings and treasury bonds buyers. The value of a series ee bond is based on the original face amount and the date the bond was purchased.
It is not getting rarer except that you cannot buy series e bonds. When americans refer to war bonds, they are usually referring to series e bonds. Unless the original owner has previously reported as income some of the interest payable prior to time of death, you will be liable for taxation on the entire amount of accumulated interest. According to treasury direct, you need to know the month and year of your series ee savings bonds to.
Treasury direct offers a savings bond calculator to check the value of savings bonds by denomination and type. What is the value of a 1976 series e us savings bond answers. Older bonds were sold at discount and redeemed at face value, but newer issues were sold at face value and pay accrued interest similarly to series i bonds. The initial interest rate is unchanged until the bond is redeemed. Store savings bond information you enter so you can view it again at a later date. Once an ee bond is 12 months old, it can be redeemed for cash. How to check your savings bond value bond investing info. E bonds originally earned interest for 30 or 40 years, depending on the issue date.
Ee bonds we sell today earn the same rate of interest a fixed rate for up to 30 years. In general, you must report the interest in income in the taxable year in which you redeemed the bonds to the extent you did not include the interest in income in a prior taxable year. Series ee bonds are savings certificates issued by the u. When you buy the bond, you know what rate it will earn for at least the first 20 years.
Treasurys ee bonds issued in 1981 and 1982 only took eight years to reach full face value, while the same ee bonds issued in 2020 take 20 years to reach their full face value. For series ee bonds issued may 2005 and after, interest is added every month. Below is the current value for every possible issued ee bond since the program began in 1980. When an i or e savings bond matures is it worth more than. It has reached final maturity, which means it has not earned any interest since january of this year.
All e bonds and some ee bonds have stopped earning interest and should be cashed. Series i bonds are sold at face value and mature after 30 years. Unlike ee bonds, i bonds have both a fixed interest rate and an inflation rate, and they are not guaranteed to double in value by year 20. Series ee bonds are savings certificates issued by the united states treasury. Check or calculate the value of a savings bond online. Series e bonds no longer receive interest at 40 years from issuance. Look on the series e bond for the issue date and the original interest rate. Savings bonds have had a long and storied history, starting with series ad bonds, offered during the depression to give people an incentive to save safely. When an i or e savings bond matures is it worth more than the. The table shows redemption values for bonds redeemed in the current month. The calculator will price series ee, series e, and series i savings bonds, and savings notes. Savings bonds calculator series ee savings bonds faq.
The series ee bond is a nonmarketable, interestbearing u. If you hold an electronic series ee or series i bond in treasurydirect, you can find the bond s current value there. Department of the treasury to sell a new type of security, called the savings bond. What is the value of a 50 us savings bond from 1988 answers. Find out what your savings bonds are worth with our online calculator. The redemption tables in this publication allow you to find the values and interest earned for series ee savings bonds, series e savings bonds, series i savings bonds, and savings notes issued from 1941 to the present when cashed during different time periods.
The inflation rate is calculated twice each year based on the consumer price index for all urban consumers cpiu. When interest is added to your bonds savings bonds. Because of this, the treasury has recommended that all e bonds should be redeemed. Dec 26, 2018 series i savings bonds are a good choice to protect your cash from inflation. Series e savings bonds issued in 1975 stopped earning interest in 2005 at the bond s final maturity. I acquired us ee savings bonds from a decedents estate.
To further explain, the bonds value is a combination of the original purchase price plus the accumulated and. Why you should invest in series i savings bonds bonds us news. Treasury stopped issuing series e savings bonds in june 1980 and replaced them with series ee bonds. Savings bonds series ee are purchased for onehalf of the face amount. The issue date of your ee bond governs when interest is added to your bond. Redemption tables allow you to find the values and interest earned for series ee savings bonds, series e savings bonds, series i savings bonds, and savings. Thats the same value it was worth in january 1998 when it. Interest is paid at redemption as part of the redemption value. Series e bond interest is reportable for federal income tax. If you own series ee bonds, use the savings bond calculator on the treasury direct site to calculate your savings bond value. Find the issue year of the bond in the second column. The calculator will price series ee, series e, and series i savings bonds, and savings.
How to calculate interest on series e savings bonds. Treasury bonds, you may have noticed some series ee savings bonds mature on different dates. The easiest way to see when your bond will earn interest is to use our online savings bond calculator. Series e savings bonds were first sold in may 1941 and were discontinued at the end of june 1980. Individual cashing redeeming ee and e savings bonds. Paper series ee bonds are purchased for half their face value. Savings bonds have been one of the most popular investments in the united states since 1935. If you bought series ee or e bonds issued in december 1965, these bonds stopped earning interest in december 1995. The last series e bonds were sold to investors in 1980, and now, there are no e bonds that currently bear interest.
An interesting feature of the e series savings bonds purchased in 1999 is that the government guarantees that the bond will be worth its face value at 17 years. How to cash in a series e war savings bond the motley fool. Jan 03, 2020 i cashed some series e, series ee, and series i savings bonds. You should redeem it now and invest the money in a new savings bond or other investment vehicle.
Chances are good youve received a series ee savings bond as a gift at some time or bought one yourself. Collectible united states savings and treasury bonds. After the war, they continued to be offered as retail investments until 1980, when they were replaced by other savings bonds. All series e bonds were sold at 75 percent of face value.
If a bond has not doubled in value by 20 years, the treasury will make a onetime interest credit to bring the bond up to the guaranteed value. Ee bonds bought from may 1997 through april 2005 earn a rate of interest that changes every six. Series hh bonds were available to be purchased in exchange for series ee or e bonds and savings notes, or with proceeds from a matured series hh bond. Why you should invest in series i savings bonds bonds. How long does it take for series ee savings bonds to reach. Series ee series i savings bond redemption value tables.
Treasury bond redemption tables, all series e bonds have reached final maturity. The value of a series ee bond is based on the original face amount and the date the bond. Department of the treasury to sell a new type of security, called the savings bond, to encourage saving during the great depression. Savings bond value and series ee semiannual accrual dates. Calculate the value of a bond based on the series, denomination and issue date entered.
Redemption rules are the same with series i bonds as series ee bonds. Use the following calculator to find the current value of an ee bond. Individual cashing redeeming series i savings bonds. Us savings stamps on february 1, 1935, president franklin d. If its a series e or series h bond, then its matured, as all of those bonds are no longer being issued and all the existing ones have already hit their maturity date. Before the advent of series ee bonds, your grandparents might have bought you a series e savings bond.
Theres no point in holding on to them and giving the government an interestfree loan. Thats the same value it was worth in january 1998 when it reached its. Aug 08, 2014 any bonds issued more than 30 years ago have matured. Series e savings bonds issued in 1975 stopped earning interest in 2005 at the bonds final maturity. Accrual bonds that were issued at 75% of the face amount. You can find the issue date right under the series name, on the upper right corner of the bond. Apr 19, 2017 most savings bonds earn interest for 30 years, although hh bonds earn interest for 20 years, and old series e bonds from november 1965 and earlier earn interest for 40 years. Series ee savings bonds issued in the 1980s and early 1990s have an original maturity of 20 years, and an extended maturity of 10 years, for a total of 30 years until the final maturity of the bonds. Ee bonds current ee bond values, ee bond calculator. Do savings bonds continue to earn interest after maturity. If its a series ee or series i bond, then it matures 30 years after the issue date.
Series e united states savings bonds were government bonds marketed by the united states department of the treasury as war bonds during world war ii from 1941 to 1945. Series e bonds, known as defense bonds or war bonds, were replaced by ee bonds in 1980. How long will it take for a savings bond to reach its face. The series e bond was launched on april 30, 1941 by president roosevelt as a way of funding world war ii. Older ee bonds earn variable interest rates, but ee bonds. Savings bonds are considered one of the safest investments that you can buy, because they are backed by the full faith and credit of the u. Those were issued from 1941 to 1980, and all of them have stopped. If youd like to monitor savings bond value and want to know how to check your savings bond value, its relatively simple. Series i savings bonds are a good choice to protect your cash from inflation. Features include current interest rate, next accrual date, final maturity date, and yeartodate interest earned. It is not getting rarer except that you cannot buy series e bonds anymore.
Treasury introduced series e savings bonds in may 1941 to help finance defense expenditures. The savings bond calculator shows the interest earned, current value. All e bonds have matured, as have ee bonds that were issued more than 30 years ago. To find the value of a single bond, use the ee bond value calculators. Savings bonds are a way for average americans to buy u. Treasury announces the rate for new bonds each may 1 and november 1. Series e bonds issued through november 1965 earned interest for 40 years. Savings bonds were promoted and marketed by the united states of america government as war bonds from 1941 to 1980. You can purchase them at banks, through payroll savings plans and directly from the treasury at the treasury direct website.