How To Find Value Of Savings Bonds

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How to Find the Value of Savings Bonds

Understanding Savings Bond Types

There are two main types of savings bonds issued by the U.S. Department of the Treasury: Series EE and Series I.

  • Series EE Bonds: These bonds earn a fixed interest rate over a set period (typically 20 years).
  • Series I Bonds: These bonds earn a variable interest rate that adjusts every six months based on inflation.

Determining Maturity Dates

The maturity date of a savings bond is the date on which it reaches the end of its earning period. After maturity, the bond stops earning interest, but you can continue to hold it indefinitely.

The maturity date is typically printed on the bond certificate. If you don’t have the bond certificate, you can look it up using the bond’s serial number on the TreasuryDirect website.

Calculating Bond Value

Series EE Bonds

To calculate the value of a Series EE bond before maturity, you can use the following formula:

Value = Purchase Price x Current Redemption Factor

Series I Bonds

For Series I bonds, the calculation is more complex as the interest rate fluctuates. To determine the current value, you can:

  • Visit TreasuryDirect.gov and enter the bond’s serial number.
  • Use a bond calculator provided by the Treasury Department.
  • Contact the Bureau of the Public Debt directly at 1-800-288-2663.

Redeeming Savings Bonds

Online Redemption

You can redeem savings bonds online through TreasuryDirect if you have an account. You will need to provide the bond’s serial number and other identifying information.

Mail-In Redemption

You can also redeem savings bonds by mail by completing a redemption form and mailing it along with the bond certificate to:

Bureau of the Public Debt
PO Box 7012
Parkersburg, WV 26106-7012

Conclusion

Finding the value of your savings bonds is a straightforward process. By understanding bond types, maturity dates, and calculation methods, you can accurately determine their current worth. Remember, you can redeem bonds early for a reduced value, but it’s typically more beneficial to hold them until maturity to maximize your returns.

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