Calculate the Value of Your Paper Savings Bonds
While savings bonds are an excellent tool for long-term goals, they aren’t designed for immediate liquidity. This is where modern solutions like a cash advance app can be incredibly useful. Instead of liquidating your bonds and losing potential interest, you can get an instant cash advance to cover immediate costs. Gerald offers a unique approach with its Buy Now, Pay Later and cash calculate the value of your paper savings bonds advance services. After you make a purchase with a BNPL advance, you unlock the ability to get a cash advance transfer with absolutely no fees, no interest, and no credit check.
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To find what your paper bonds are worth in other months:
- After you make a purchase with a BNPL advance, you unlock the ability to get a cash advance transfer with absolutely no fees, no interest, and no credit check.
- The TreasuryDirect platform provides a secure and accurate way to monitor your investments, helping you stay informed about their growth.
- I bonds can be purchased in amounts from $25 up to $10,000 in electronic bonds and $5,000 in paper bonds per year.
- You can shop now, pay later for essentials, and access an instant cash advance when you need it most.
- The most comprehensive collection of free financial calculators online.
- Click the “Save” button in the results area and then when the list appears, click “File” and ‘Save As’ and name your inventory.
The value of a $100 savings bond after 10 years is not a fixed amount; it depends on several factors, including the type of bond and its issue date. Savings bonds are a secure, low-risk investment option issued by the U.S. Treasury, and understanding their value requires a look into their specific characteristics. Beware of internet scams with a picture of this page claiming you can enter your birth certificate number to access bonds owed to you.
While your bonds build wealth for the future, Gerald provides the flexibility to handle the present. This combination ensures you’re prepared for anything, whether it’s a planned expense or a sudden emergency, without having to choose between your long-term goals and your immediate needs. Series EE savings bonds mature after 20 years, and they’ll continue earning interest for 10 more years. As such, holding onto your bonds for three decades is the way to collect the largest amount of interest. Whether you have paper savings bonds or electronic ones, it’s easy to check the value of your savings bond using the federal government’s TreasuryDirect website. The Treasury Department recommends contacting your financial institution to ask if they will cash your paper savings bonds.
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It’s also important to remember that, with EE bonds, the only way to guarantee that you’ll earn double the face value is to hold on to them for at least 20 years. Additionally, holding on to I bonds allows you to take advantage of inflation protection since the bond’s value could increase if inflation rises. U.S. savings bonds are one of the safest investments you can own, and your returns can be even greater if you own them for the long-term. If you’re considering cashing in your bonds, it’s a good idea to check their worth first. You may find holding on to them a little longer could earn more interest.
Not all financial institutions allow you to cash in savings bonds. Contact your bank to find out if they provide this service and what information or identification is needed. Some banks and credit unions require you to be an account holder or member to cash a savings bond. The calculator will price Series EE, Series E, and Series I savings bonds, and Savings Notes. While you can cash in your savings bonds anytime after owning them for one year, it can pay to hold on to them. For starters, you’ll forfeit three months’ interest if you sell your bonds in the first five years.
Having problems loading your saved inventory file?
- If you cash them in before five years, you’ll forfeit the last three months of interest.
- TreasuryDirect also provides a tool called Treasury Hunt, which allows you to search for unclaimed savings bonds using your Social Security Number.
- For many, this is a better alternative to seeking out a risky no-credit-check loan.
- Find out how to change a bond’s ownership, replace it, and whether it is taxable.
- You may find holding on to them a little longer could earn more interest.
To create an inventory, enter information about your paper bonds, one bond at a time, into the Calculator. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only.
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If you redeem only a part of your bond’s value, you must leave $25 in your account. I bonds can be purchased in amounts from $25 up to $10,000 in electronic bonds and $5,000 in paper bonds per year. They differ from EE bonds in that they earn an interest rate that adjusts for inflation. If you possess paper bonds and are concerned about their security or prefer digital management, you can convert them into electronic form within your TreasuryDirect account. This transition can simplify tracking and future redemption processes. Using the calculator involves entering specific details about your bond.
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No matter your reason, here’s how to check or calculate the value of savings bonds. Series EE savings bonds can be redeemed a year from purchase, but you won’t see the same level of returns if you cash in your bond before it matures in 20 years. Bond holders only receive the guaranteed double of the face value if you hold the bond until maturity. To buy, redeem, or manage electronic savings bonds, you will need to create or log into your TreasuryDirect account.