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Dear Dr. Don,
I have $4,000 in Series EE savings bonds purchased June 8, 1992. What are they worth today? Each savings bond is a $100 face value bond. — Emma Evaluates
Dear Emma,
Because paper savings bonds are sold for half of their face value, I’m not sure if you have $4,000 in face value of Series EE savings bonds, or you invested $4,000 in such bonds — which would give you $8,000 in face value. I’m going to assume the former, but the tools provided in the answer will allow you to calculate the value either way.
I used both methods to arrive at the results for $4,000 in face value of Series EE savings bonds, as shown in the table below. The key difference is that the wizard will show you the yield to date, while the calculator doesn’t show that yield.
Series EE savings bond totals
Series
EE
Denomination
$4,000
Issue date
June 1992
Next accrual
December 2009
Final maturity
June 2022
Issue price
$2,000
Interest
$2,956.80
Interest rate
4 percent
Yield
5.41 percent
Value
$4,956.80
You’re currently earning 4 percent on these bonds and your yield to date has been 5.41 percent. If you’re thinking about redeeming the bonds, wait until their next interest accrual date, which is Dec. 1. The TreasuryDirect Web page “When Interest is Added to Your Bonds” explains why you should wait.
Bankrate’s content, including the guidance of its advice-and-expert columns and this Web site, is intended only to assist you with financial decisions. The content is broad in scope and does not consider your personal financial situation. Bankrate recommends that you seek the advice of advisers who are fully aware of your individual circumstances before making any final decisions or implementing any financial strategy. Please remember that your use of this Web site is governed by Bankrate’s Terms of Use.
To ask a question of Dr. Don, go to the “Ask the Experts” page, and select one of these topics: “Financing a home,” “Saving & Investing” or “Money.” Read more Dr. Don columns for additional personal finance advice.
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