US Savings Bonds

Posts Tagged ‘finances’

Question: Can someone please explain this savings bond calculation?

I was given a Series EE Savings Bond in the amount of $100.00 in 07/1991. I’ve used two different online calculators to estimate how much my bond is worth now (18 years later). This is the answer I received from both locations:

Series: EE
Denomination: 100
Issue Month: 7
Issue Year: 1991
Current Value: $128.92
Interest Earned: $78.92
Rate: 4.00%
Yield: 5.33%
Next Interest Date: 1/1/2010
Final Maturity Date: 7/1/2021

How is it that the bond earned $78.92 in interest but is only worth $128.92? It appears as if my $100 savings bond only earned a total of $28.92 over 18 years (which, IMO, is pathetic). Am I understanding the calculator incorrectly?

Thanks.

Answer: Who ever gave you the bond only paid $50.00 for it. that’s the difference.
The Banks have the official government calculations, you can call on on their 800 phone # and they should be able to give it to you. Hey 4%was nothing back in 1991 but it sure looks good now. Hold on to that bond unless you really need the $$

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Question: Anyway to determine how much Savings Bonds will be worth when they reach full maturity?

I have a bunch of EE Savings Bonds from like 1989, 1990, 1991 and I wanted to know if there was any way to determine how much they will be worth when they reach their full maturity date in like 2018? (including interest earned and everything)

Answer: a savings bond matures at it’s face value.

Question: If I have a Series EE Savings Bond from 1989, that matures at a certain rate, can I buy more of that bond?

Perhaps before it matures, at the same rate?

Answer: Sure! Go to the link below for more info

Retirement savings strategies with Moshe Milesvsky and Rob Carrick