Savings Bond Value Explained

Savings Bonds Value

Savings bond is a non-marketable, debt security. It is issued by the U.S Department of the Treasury and considered a safe investment. Savings bond has several kinds, which come both in electronic and paper versions. Savings bond value differs, and an online calculator is necessary to determine the value.

The U.S Department of the Treasury has a savings bond calculator of its own through the TreasuryDirect website. It is a very straightforward tool. To use, you only need to put the date for which you need to identify your bond’s worth. Then, choose the bond series: EE Bonds, I Bonds, E Bonds, or Savings Notes. Next to the Series box is the Denomination box. Enter the corresponding denomination from the drop-down options—from $10 to $10,000. Then, enter the Bond Serial Number and Issue Date, which you can find on the savings bond. Click the button “Calculate” to begin the procedure. After a few seconds, the savings bond value will appear on the screen.

The other savings bond value calculators work pretty much the same way. You need to enter all the needed information before they can give you your bond’s worth. And like the online calculator on the TreasuryDirect website, these calculators also offer other features like next accrual date, interest rate, and final maturity date. Most of these calculators provide services at no charge.

State tax exemption applies to savings bond interest. Federal tax exemption only works if the savings bond is cashed in before its maturity; otherwise, savings bond interest will be subject to the usual federal tax.

For more information about savings bond value, you can visit the official websites of the U.S. Department of the Treasury and TreasuryDirect. While you’re there, you might as well check out the other securities offered by the Department, which include treasury bills, treasury notes, and treasury bonds.