This post walks through how we decided what to do with these inherited paper ee savings bonds. Series e bonds bought between may 1941 and november 1965 mature in 40 years, but if you bought the same type of bond between december 1965 and june 1980, it would mature in 30 years. Series ee bonds, sometimes called patriot bonds after 2001, differ from series i because they are guaranteed to double in. First youll need to find the information on the bond in order to look online to get its value. Series ee bonds dated january 1980 through march 1985 and series hh bonds dated january 1980 through march 1995 have also reached full maturity. The rates and terms for an ee bond depend largely on when the bond. Newer bonds earn a fixed rate of interest so its easy to calculate the value at savings bond maturity. Features include current interest rate, next accrual date, final maturity date, and yeartodate interest earned. Us treasury savings bond calculator find out what your bonds are worth with the savings bond calculator. Interest rates and terms for series ee savings bonds. See current and historical 1992 to present valuations and interest earned for bonds with issue dates back to 1941. Known as the savings bond calculator, it can help you make more. Series ee bonds issued may 2005 and after earn a fixed rate of interest. As a debt obligation of the united states federal government, series ee bond interest like other u.
If you have series ee savings bonds, the way you calculate interest on those depends on the year you bought it. Savings bond calculator when to cash in series ee savings bonds. Series ee bonds are a type of zerocoupon bond, which means you never receive interest income. It will reach full face value after 20 years and will stop earning interest after 30 years. How to estimate the final maturity value on savings bonds. In general, you must report the interest in income in the taxable year in which you redeemed the bonds. This calculator will price series ee, e, and i bonds and can show you. Series ee savings bonds have a total maturity period of 30 years from the issue date, consisting of an original maturity period and one or two periods of extended maturity, which vary depending on the issue date of the bond.
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. The treasurys website will help you calculate the exact maturity date of your bond, or you can estimate it if you know when the bond was purchased. Series ee savings bonds purchased between may 1995 and may 2003 have an original term, or maturity, of 17 years, and an extended term out. The traditional series ee savings bonds earn a fixed rate of interest until a bond is redeemed or reaches final maturity. On this page is a bond yield to maturity calculator, to automatically calculate the internal rate of return irr earned on a certain bond. The interest on an outstanding bond ceases to accrue 30 years after its 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. Over their original maturities, the bonds increase in value to become worth at least the face amount. How to calculate interest on ee savings bonds budgeting money. Originally created to fund world war ii, the series e bond was sold in denominations. How to calculate the value of your paper savings bonds. 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.
You can use this bond yield to maturity calculator to calculate the bond yield to maturity based on the current bond price, the face value of the bond, the number of years to maturity, and the coupon rate. 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. Find out what your bonds are worth with the savings bond calculator. Penalty for a savings bond past final maturity budgeting. Calculate the value of your paper savings bonds treasurydirect. This calculator automatically assumes an investor holds to maturity, reinvests coupons, and all payments and coupons will be paid on time. Treasury bonds, you may have noticed some series ee savings bonds mature on different dates. But you can go online to purchase two types of electronic savings bonds. When the bond matures, the owner receives 100 percent of the face value. Among savings bonds that have fully matured and stopped earning interest are entire series of older bonds such as a through d, f, g, j and k.
How to report us savings bond series ee interest, without 1099int form. If your series ee savings bond hasnt reached maturity yet, but youre thinking of cashing it, first use the savings bond calculator on. A patriot bond is a type of series ee savings bond that was issued for a period of 10 years following the 911 attack. Series ee savings bond calculator free download at. Bonds are issued by month and their maturity dates depend on the type of bond you have and when you purchased it. Series e savings bonds issued in 1975 stopped earning interest in 2005 at the bond s final maturity. Original maturity ee savings bonds with issue dates after june 2003 have an original maturity. Fill in the form below and click the calculate button to see the results. Savings bonds issued after 1989, is used to calculate the excludable interest. 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. Series denom issue date next accrual final maturity issue price interest interest rate value note. Series ee and i bonds must have been issued after 1989.
All of the original series e bonds have already reached final maturity, even though they were extended for 40 years, and series ee bonds issued before june, 1984 have reached final maturity. The series ee bond is a nonmarketable, interestbearing u. Irs form 8815, exclusion of interest from series ee and i u. 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. The bond yield calculator for excel or open office calc enables the automatic generation of scheduled bond payments and the calculation of resulting yield to maturity. How long does it take for series ee bonds to mature. What to do with inherited paper ee savings bonds fyfi.
How to look up ee savings bond values and interest rates. Maturity dates for series ee bonds 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. Series ee bonds are purchased at a discount of face value. Series ee series i savings bond redemption value tables. If your series ee savings bond was issued on may 2005 or later. When an i or e savings bond matures is it worth more than the face amount. If your series ee savings bond hasnt reached maturity yet, but youre thinking of cashing it, first use the savings bond calculator.
Ee bonds purchased between may 1997 and april 30, 2005, earn a variable rate of interest. Treasury stopped issuing series e savings bonds in june 1980 and replaced them with series ee bonds. Department of treasurys bureau of the fiscal service has designed a useful tool for determining the present and future valueas well as historical information, current interest rate, next accrual date, final maturity date, and yeartodate interest earned. What you must know about taxation of ee series bonds ed. Department of treasury issued series e savings bonds from may 1941 through june 1980. Original issue discount series e and ee bonds duration. If you are married, you must file a joint return to qualify for the tax exclusion of the series ee savings bond. Steven terner mnuchin was sworn in as the 77th secretary of the treasury on february, 2017. Redemption tables allow you to find the values and interest earned for series ee savings bonds, series e savings bonds. There are rate tables online to help, since the rate calculations have changed over time. How to calculate the value of a series ee savings bond. The calculator will price series ee, series e, and series i savings bonds, and savings notes.
The redeemed value equals the price plus accrued interest. That means that regardless of the yield youre currently earning on the savings bonds, by waiting to redeem the. The rates and terms for an ee bond depend largely on when the bond was issued. Ee bonds issued today pay a fixed rate of interest. Treasury department introduced the series e savings bonds on may 1, 1941. 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. The first step is to look up your bonds on treasurydirects savings bond calculator. Calculator will price series ee, series e, and series i savings bonds. Is it possible to determine the final value of a u. 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. How to cash in series ee savings bonds depositaccounts.
The owner of the bonds must have been at least 24 years old on the first day of the month in the year in which they. Original maturity ee savings bonds with issue dates after june 2003 have an original maturity date of. Once you have this information, you can use a savings bond calculator to find out how much your bond is worth right now. How long will it take my ee savings bonds to mature. Savings bond tracker for mac os x track all of your us savings bonds, including ee bonds, i bonds, e bonds, and savings notes. Paper ee bonds are sold for onehalf of the denomination value and. 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. Series ee savings bonds can be bought directly from the government at the treasury direct website or via payroll savings deductions. Check or calculate the value of a savings bond online. Series ee savings bonds purchased between may 1995 and may 2003 have an original term, or maturity, of 17 years, and an. Savings bonds calculator series ee savings bonds faq. But before you cash in your bonds, its a good idea to record what the savings bond calculator says theyre worth, just to be sure you get every dollar youre owed.
How to calculate the value of your us series ee savings bond. The us treasury produces two types of savings bonds. Redemption tables allow you to find the values and interest earned for series ee savings bonds, series e savings bonds, series i savings. Savings bonds calculator series ee savings bonds faq bankrate. Series ee savings bonds reach their full maturity date exactly 30 years after their date of purchase. If you are using series ee savings bonds for your own education and want the tax benefits, the bonds must be registered directly in your name. Tool to help calculate how much savings bonds are currently worth, what it was worth in the past, and what it will be worth in the near future. To calculate the value of your savings bonds, youll need to know its type, denomination, serial number, and issue date. Series ee savings bonds are now sold at face value and can earn interest for up to 30 years. But as in our case, with paper bonds purchased for my wife by her parents, they can be a solid asset. How to report us savings bond series ee interest, without. How to figure taxes on series e bonds finance zacks. Electronic series ee savings bonds, purchased via treasurydirect, are sold at face value.
How to calculate a savings bond maturity date pocketsense. Series ee savings bonds are, by law, required to double in value in 20 years. Older series ee bonds earn variable rates, so the projected value of one of these bonds. When an i or e savings bond matures is it worth more than. Aug 31, 2014 the irs will assess a penalty if you dont declare the savings bond income in the year of maturity. Dec 26, 2018 the fixed interest rate is set at purchase and remains constant for the life of the bond. Why you should invest in series i savings bonds bonds us news. Series ee savings bond purchased prior to may 1, 2005 simply looking. Find out what your savings bonds are worth with our online calculator. Jul 11, 2016 with that in mind, here are five things you should know about the tax treatment of series ee bonds.
If an ee bond does not double in value by the 20year maturity. May 30, 2019 how to calculate the value of a series ee savings bond. Find out how much your series ee savings bond is worth. Theres no point in holding on to them and giving the government an interestfree loan. Check or calculate the value of a savings bond online the balance. Learn how specific e bonds accrue interest and reach maturity. Calculate the value of a bond based on the series, denomination and issue date entered. Series ee bonds, the common variety first issued in 1980and still. Instead, the bonds are issued at deep discounts to face value and have been calculated to compound to the point that they are worth the face value of the bond on the maturity date, which is guaranteed by the treasury. There is no state or local income tax on the interest. Understand the base value of e bonds and how to calculate the accrued interest. With that in mind, you can calculate the maturity date on your bond by locating the. Maturity dates for series ee bonds the savings bonds work as zerocoupon bonds in which bond coupons, or interest payments, are added to the bonds.
Either way, you cannot tell the current value of a u. 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. Paper ee bonds, last sold in 2011, were sold at half of face value more on rates and terms. Mar 29, 2019 how to cash in series ee savings bonds. I cashed some series e, series ee, and series i savings bonds. Us treasury savings bond calculator first state bank.
The irs will assess a penalty if you dont declare the savings bond income in the year of maturity. The interest rate is fixed, the compounding periods are known semiannually for ee bonds, and the term is known as well usually 30 years. As a result, ee bonds are best suited if you plan to hold them for at least five years. Features include current interest rate, next accrual date, final maturity. Treasury provides savings certificates in the form of series ee.
The interest rate is fixed, the compounding periods are known semiannually for ee bonds, and the. Known as the savings bond calculator, it can help you make more informed. A series ee savings bonds will earn interest for up to 30 years. Log on to the treasury direct website and click on the individual section. United states ee savings bonds can be purchased at half their face value at u. According to dixon, both series i and series ee bonds are redeemable in the same way the main difference between series i bonds and series ee bonds is the rate at which they earn interest, she explained. How to figure out the maturity date on a us savings bond. Penalty for a savings bond past final maturity budgeting money. Series ee series i savings notes matured series e matured savings bond redemption value tables series e. Savings bonds are an appreciationtype or accrualtype savings security.
Interest is added to an ee bond monthly and paid when you cash the bond. Maturity of a ee bond financial issues with dan celia. Series ee savings bond calculator free download at rocket. Store savings bond information you enter so you can view it again at a later date.
1490 1011 328 1060 33 434 257 83 567 310 1256 535 718 799 971 538 822 1284 706 354 370 1288 479 688 445 440 921