If you own series ee bonds, use the savings bond calculator on the treasury direct site to calculate your savings bond value. Ee bonds we sell today earn the same rate of interest a fixed rate for up to 30 years. The interest is issued electronically to your designated account. Over their original maturities, the bonds increase in value to become worth at least the face amount. Savings bonds came on the scene shortly before world war ii as a safe, secure longterm investment backed by the. With that in mind, you can calculate the maturity date on your bond by locating the. May 09, 2018 how much is my savings bond worth if it was purchased in 1991 for 100 ee bond calculator current values of ee savings bonds online savings bonds. Series ee savings bonds earn interest for 30 years. Series ee savings bond calculator free download at rocket. If you have series ee savings bonds, the way you calculate interest on those depends on the year you bought it. So a series e savings bond issued in june 1988, for example, will hit its final birthday in june 2018. Do savings bonds continue to earn interest after maturity.
The value of a savings bond can be calculated by taking note of. There are rate tables online to help, since the rate calculations have changed over time. Calculate the value of your paper savings bonds treasurydirect. Paper series ee bonds are purchased for half their face value. Series ee and i are intended to be savings bonds, and series hh is intended to be. A series ee savings bonds will earn interest for up to 30 years. United states savings bonds how do i calculate us savings. This calculator provides values for series ee, i, and e savings bonds. Below is the current value for every possible issued ee bond since the program began in 1980. Dear suzanne, 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.
Both are issued in much smaller tranches than traditional tbills. Series ee savings bonds are savings certificates issued by the u. Either way, you cannot tell the current value of a u. 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. Select the link below for a pdf of the current earnings period values. But, when the series ee bonds do reach maturity and stop paying interest, which will be 30 years from the purchase anniversary, you must pay taxes on the accumulated income. The time it takes a savings bond to reach face value depends on the series of bond and the value at which it was sold. Bonds purchased between may 1997 and april 30, 2005, earn a variable marketbased rate of return. When an i or e savings bond matures is it worth more than. Once an ee bond is 12 months old, it can be redeemed for cash. To view the value data for all issued bonds, view the ee bond value table. The bond isnt worth its face value until it has matured. When an i or e savings bond matures is it worth more than the face amount u.
The interest rate is fixed, the compounding periods are known semiannually for ee bonds, and the term is known as well usually 30 years. If you elect cashbased reporting on your income tax filings with the irs, you can defer payment of taxes on the interest income of your series ee savings bonds until you redeem the bond or 30 years from the date it is issued. To calculate the value of your savings bonds, youll need to know its type. They can be purchased through payroll savings deductions, at banks or directly from the government at the treasury direct website. Paper series ee bonds were sold at half their face value. Series ee savings bonds can defer income taxes until redemption or 30 years.
First issued in 1980, the ee bond replaces the series e bond. What is the value of a 50 us savings bond from 1988 answers. Once you have this information, you can use a savings bond calculator to find out how much your bond is worth right now. Irs form 8815, exclusion of interest from series ee and i u. How to calculate the value of your us series ee savings bond. Savings bonds are an appreciationtype or accrualtype savings security. How long does it take for series ee bonds to mature. Find out what your savings bonds are worth with our online calculator. Features include current interest rate, next accrual date, final maturity date, and. Treasury, whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity at home and abroad. Aug 31, 2014 but, when the series ee bonds do reach maturity and stop paying interest, which will be 30 years from the purchase anniversary, you must pay taxes on the accumulated income. How to determine when a savings bond matures finance zacks.
To calculate the value of savings bonds, bond owners enter the denomination, series and issue dates of the bonds into the calculator, according to treasurydirect. Penalty for a savings bond past final maturity budgeting. Known as the savings bond calculator, it can help you make more informed. See current and historical 1992 to present valuations and interest earned for bonds with issue dates back to 1941. Series ee savings bond purchased prior to may 1, 2005 simply looking. Treasury department, known as treasurydirect, to determine the maturity of your us savings bonds see resources below. Interest rates and terms for series ee savings bonds.
When you buy the bond, you know what rate it will earn for at least the first 20 years. Series ee bonds are savings certificates issued by the united states treasury. The savings bond calculator shows the interest earned, current value, interest rate, annual yield, next interest date, and final maturity date. Investors often lose track of this date because the u. Series the series can be found in the upper right corner of your savings bond. Understand the base value of e bonds and how to calculate the accrued interest. To find the value of a single bond, use the ee bond value calculators. Series ee savings bonds can be bought directly from the government at the treasury direct website or via payroll savings deductions. 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 notes issued from 1941 to present. Do savings bonds continue to earn interest after maturity all u. Check or calculate the value of a savings bond online. By changing the date of calculation, owners can find out what bonds were worth in the past and what they are worth in the future. Before the advent of series ee bonds, your grandparents might have bought you a series e savings bond. The time it takes a savings bond to reach face value depends on the series of bond.
How long does it take for series ee savings bonds to reach face value the united states treasury department used to sell series ee bonds at half the face value with the promise that the bond. Series denom issue date next accrual final maturity issue price interest interest rate value note. Electronic series ee savings bonds, purchased via treasurydirect, are sold at face value. Department of treasurys bureau of the fiscal service has designed a useful tool for determining the present and future value as well as historical information, current interest rate, next accrual date, final maturity date, and yeartodate interest earned. So any bonds dated 1989 or earlierthe first generation. These bonds also are guaranteed to double in value from their issue price no later than 20 years after their.
The worth of a patriot bond is enhanced by tax advantages. The table shows redemption values for bonds redeemed in the current month. Treasury stopped issuing series e savings bonds in june 1980 and replaced them with series ee bonds. Ee bonds current ee bond values, ee bond calculator. Oct 29, 2019 tips on how to calculate the value of your series ee government savings bonds. If its a series ee or series i bond, then it matures 30 years after.
First youll need to find the information on the bond in order to look online to get its value. Series ee savings bonds are now sold at face value and can earn interest for up to 30 years. You can save your inventory so you can update your bond values. Find the issue year of the bond in the second column. The drastically different maturity dates for these bonds result from the differing rates of interest built into each series ee bond when it is issued. May 30, 2019 how to calculate the value of a series ee savings bond. As far as the treasury is concerned, final maturity means final value. Check or calculate the value of a savings bond online the balance. Series i thats a letter, not a roman numeral bonds sell at face value, but they accrue interest at a rate that is indexed to inflation as. Final maturity datethe date each bond stops earning interest.
Savings bonds calculator series ee savings bonds faq. New series ee bonds cannot be cashed in until one year after. Series ee bonds were brought out in 1980 to replace the series e. Series ee bonds are the most common type of savings bond. How to calculate interest on ee savings bonds budgeting. Older series ee bonds earn variable rates, so the projected value of one of these bonds will be more of a ballpark figure. Treasury bonds, you may have noticed some series ee savings bonds mature on different dates. How long does it take for series ee savings bonds to reach. This calculator will price series ee, e, and i bonds and can show you.
The unique thing about series ee savings bonds is that the. Apr 25, 2016 ee bonds issued on and after may 1, 2005, will reach original maturity at 20 years. Request information about certain bond issues or download software that will allow you to calculate the value and maturity of all treasury bonds and other securities at the treasurydirect. Series ee bonds are frequently the type of savings bond people think of when they refer to savings bonds. Us treasury savings bond calculator first state bank. How to cash in series ee savings bonds depositaccounts. A patriot bond is a type of series ee savings bond that was issued for a period of 10 years following the 911 attack. Savings bond calculator no comments if you have ever wondered how savings on your bond are calculated, you will be surprised to know just how simple it is to calculate the value of a savings bond including ee and hh savings bonds. The series of bond you have should give you a good idea if the bond has expired.
Savings bonds calculator series ee savings bonds faq bankrate. Series ee bonds are a type of zerocoupon bond, which means you never receive interest income. Series ee and i bonds and saving notes of all issue dates earned interest for 30 years. Mar 01, 2019 the time it takes a savings bond to reach face value depends on the series of bond and the value at which it was sold. How to calculate cash value of ee savings bonds pocketsense. The redeemed value equals the price plus accrued interest. The value of your savings investment for the date you selected will be displayed by the calculator. Savings bonds issued after 1989, is used to calculate the excludable interest. The current value of an ee bond depends on when the ee bond was issued and when you plan on redeeming the bond. Paper ee bonds, last sold in 2011, were sold at half of face value more on rates and terms. The savings bond calculator shows the interest earned, current value, interest rate, annual yield, next interest date, and final maturity.
Features include current interest rate, next accrual date, final maturity. If your series ee savings bond hasnt reached maturity yet, but youre thinking of cashing it, first use the savings bond calculator on. The calculator will price series ee, series e, and series i savings bonds, and savings notes. Yes, ee bonds are a good investment, but if youre interested. Newer bonds earn a fixed rate of interest so its easy to calculate the value at.
Individual savings bond calculator detailed instructions. Series ee savings bonds, or ee bonds, are a type of savings bond offered by the u. For series hh bonds, see redeeming cashing series hh savings bonds after youve held them for 12 months, you can simply take them to your local bank. Series ee savings bonds reach their full maturity date exactly 30 years after their date of purchase. The savings bonds work as zerocoupon bonds in which bond coupons, or interest payments, are added to the bonds principal value rather than paid out periodically. How long will it take for a savings bond to reach its face value.
The rates and terms for an ee bond depend largely on when the bond was issued. Mar 28, 2017 united states series ee savings bonds are a popular gift for special occasions, available for purchase in person for half the maturity value or online for the full maturity value. How much is my savings bond worth if it was purchased in 1991 for 100 ee bond calculator current values of ee savings bonds online savings bonds. To calculate the value of your savings bonds, youll need to know its type, denomination, serial number, and issue date. United states series ee savings bonds are a popular gift for special occasions, available for purchase in person for half the maturity value or online for the full maturity value. Aug 08, 2014 most savings bonds mature and stop earning interest after 30 years, and some have shorter maturity periods. How to figure out the maturity date on a us savings bond. Use the following calculator to find the current value of an ee bond. The calculator can show what your bonds are worth in any month from january 1996 through the current rate period. Series ee bonds dated may 2005 and after earn a fixed rate of interest.
The series i bond is often compared to the series ee savings bond, another nontraditional treasury vehicle. If you need some spare cash, you might be wondering when you can redeem series ee savings bonds. Use the below calculators to find your bonds current value. Series hhh series hhh bonds paid interest throughout the life of the bond and were redeemable at face value. Many people who purchased series ee bonds long ago have savings bonds worth far more than the face value of the bond because of the many years of accumulated interest. Since may 2005, ee bonds have been issued earning a fixed rate of interest, so a final value can be fairly accurately determined with a couple of easy calculations. How to calculate the value of your paper savings bonds.
The calculator will add each new bond to the top of your. Newer bonds earn a fixed rate of interest so its easy to calculate the value at savings bond maturity. Nov 21, 2018 a patriot bond is a type of series ee savings bond that was issued for a period of 10 years following the 911 attack. The only way to get them is in exchange for ee bonds. Original maturity ee savings bonds with issue dates after june 2003 have an original maturity date of. Calculate the value of a bond based on the series, denomination and issue date entered. Known as the savings bond calculator, it can help you make more. How to estimate the final maturity value on savings bonds. Store savings bond information you enter so you can view it again at a later date. A savings bond typically stops earning interest when it hits the 30year point. Features include current interest rate, next accrual date, final maturity date, and yeartodate interest earned. Theyre purchased at a discount to their face value, and accrue interest monthly based on a fixed rate at the time they are issued. At one time, you had to either bundle up your series ee savings bonds and take them to a financial institution or take a list with you that indicated the year, number and denomination.
Steven terner mnuchin was sworn in as the 77th secretary of the treasury on february, 2017. Nov 05, 2019 series ee bonds, the common variety first issued in 1980and still being issued today, were designed to pay interest for up to 30 years. An employee would have to then take the list or the bonds and look up the value of each one in a book provided by the treasury. How long will it take for a savings bond to reach its face. Ee bonds bought from may 1997 through april 2005 earn a rate of interest that changes every six. Is it possible to determine the final value of a u.
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