Heres a stepbystep guide to using the treasurys new savings. The difference between the purchase price and the redemption value is taxable interest income. Jun 25, 2019 series ee savings bonds have no inflation protection. The savings bond wizard is an application that will help you manage your savings bond inventory on your pc. The e series savings bond replaced series a through d at the beginning of world war ii to raise funds to defray high defense costs, states treasury direct. Mar 29, 2019 the us treasury produces two types of savings bonds. Series ee series i savings bond redemption value tables. In return, savings bonds were a safe investment with. Individual savings bond value files treasurydirect.
Series i savings bonds are lowrisk, relatively lowinterest vehicles that are meant to be held for years. The value of your savings investment for the date you selected will be displayed by the calculator. Ee bonds purchased between may 1997 and april 30, 2005, earn a variable rate of interest. As always, i really appreciate all the updates you provide on series i and ee bonds, my. Savings bonds can be owned in physical paper or electronic form. The savings bond calculator offers some of the same features as the wizard. Savings bonds calculator software savings bond calculator v. Features include current interest rate, next accrual date, final maturity date, and yeartodate interest earned. Using a very simple format, this is a great tool that will save. Unlike ee bonds, however, i bonds are issued at face value.
How to report us savings bond series ee interest, without. Savings bond wizard how to calculate what your bonds are worth. The taxpayer can exclude interest income from series ee and series i us savings bonds if all of the following are true. Find out what your savings bonds are worth with our online calculator. The value calculator provides detailed information, but is not an official source of value data. Features include current interest rate, next accrual date, final maturity date, and.
Still, some people prefer to avoid putting their personal information online. Savings bonds value software free download savings bonds. When buying a series i or electronic series ee bond, you pay the face value of the bond. Series i savings bonds what they are and how to buy them. Store savings bond information you enter so you can view it again at a later date. Then, when the bond matures, you get the bond amount plus the accrued interest. The second type of savings bond called the series i bond earns the fixedinterest base rate. The wizard a free downloadable program offered by the treasury. The process for reporting a savings bond rollover can be a little confusing, but nevertheless is straightforward. Free series ee savings bonds shareware and freeware. Mar 22, 2012 the effective interest rate on ee series savings bonds had to be a lot more than 0.
Use the following calculator to find the current value of an ee bond. Savings bonds are a way for average americans to buy u. The data entry is across the top of the software window, and the entered bonds are listed below. Series ee savings bonds earn no interest if they are redeemed within one year of the purchase date.
Find the value of your savings bonds calculator securities we sell. Department of the treasury has changed several times how the interest rate on savings bonds was determined, and how it accrued to the value. How do you calculate the cash value of ee savings bonds. The online bond calculator will include these factors and give a redemption value with the penalties included. Savings bonds calculator series ee savings bonds faq. This application will help you manage your savings bond inventory on your pc. How to calculate interest on series e savings bonds. Savings bonds ee and i bonds the savings bond wizard was an excellent tool for keeping an accurate inventory and tracking past and. Series ee savings bonds issued in the 1980s and early 1990s have an original maturity of 20 years, and an extended maturity of 10 years, for a total of 30 years until the final maturity of the bonds. On the lets get the details from your 1099int or brokerage statement screen, be sure to check the checkbox for my form has info in more than just box. This calculator will price series ee, e, and i bonds and can show you.
Savings bonds calculator series ee savings bonds faq bankrate. Interest is added to an ee bond monthly and paid when you cash the bond. The calculator will price series ee, series e, and series i savings bonds. How to calculate cash value of ee savings bonds pocketsense. The effective interest rate on ee series savings bonds had to be a lot more than 0. The second type of savings bond called the series i bond earns the fixedinterest base rate plus an inflation rate, which is calculated twice a. Its a downloadable program that allows you to maintain an inventory of your bonds and determine the current redemption value, earned interest, and other information. Department of the treasury to raise money to fund government operations. Calculate the value of your paper savings bonds treasurydirect.
Series ee savings bonds have no inflation protection. Savings bond calculator when to cash in series ee savings bonds. Heres a stepbystep guide to using the treasurys new. Extensive effort is made to ensure the data provided is accurate. At one time, you had to either bundle up your series ee savings bonds and take them to a financial institution or take a list with you that indicated the year, number and denomination. Savings bonds have been one of the most popular investments in the united states since 1935. Enter the details about your series ee bonds into the add a bond screen of the software. Us treasury savings bond calculator first state bank. Form 8815 exclusion of interest from series ee and series i.
Check or calculate the value of a savings bond online. Savings bond tracker for mac os x track all of your us savings bonds, including ee bonds, i bonds, e bonds, and savings notes. Series ee savings bond calculator free download at rocket. Savings bonds value software free download savings bonds value. To report bond interest, without form 1099int, enter it as if you had a 1099int form. The treasury department initiated series e savings bonds in 1941 and replaced them with ee series bonds in 1980. Savings bond wizard gives users a tool to help them manage their savings bonds.
Following that post, i received several inquiries as to the differences between the two main flavors of savings bonds, known as i bonds and ee bonds. Series ee bonds, sometimes called patriot bonds after 2001, differ from series i because they are guaranteed to double in value after 20 years. The calculator will price series ee, series e, and series i savings bonds, and savings notes. If you report savings bond interest to the irs every year. An employee would have to then take the list or the bonds and look up the value of each one in a book provided by the treasury department while you waited. Instead, youll need to use the treasurys new savings bond. You have a choice on when you report your bond interest. To use the savings bond calculator, enter the series, denomination and issue date of each bond, and click the calculate button, instructs treasurydirect.
The old paper bonds used to be sold at discount half of face value, and were redeemable for full face value at the end of the 30year life. Bonds redeemed in the first five years are charged a threemonth interest penalty. Series hh bonds were available to be purchased in exchange for series ee or e bonds and savings notes, or with proceeds from a matured series hh bond. Series e savings bonds were first sold in 1935 as a way for the u. Is there a difference in value between e series bonds and ee. Series ee bonds issued may 2005 and after earn a fixed rate of interest. Savings bonds calculator software free download savings. Check or calculate the value of a savings bond online the balance. It will reach full face value after 20 years and will stop earning interest after 30. Using a very simple format, this is a great tool that will save time and headaches by doing all the complicated. Paper bonds are no longer available, and the electronic bonds work a little differently.
The interest accrued on these bonds when we cashed them in last year should be reported under her mothers final tax return yet the 1099 we received from the bank has my wifes ssn on it because she cashed them in. See current and historical 1992 to present valuations and interest earned for bonds with issue dates back to 1941. The series ee bond is a nonmarketable, interestbearing u. Mar 23, 2020 savings bonds have been one of the most popular investments in the united states since 1935. Enter the 1099int into schedule b, including the interest on us savings bonds on the appropriate line. Use the redemption value button or select redemption value on the tools menu to update your series ee bond values. Series ee savings bonds can be bought directly from the government at the treasury direct website or via payroll savings deductions. May 10, 2010 i recently wrote about the fact that my wife and i were buying some series i savings bonds. Select the enrollee the individual on the return with qualified education expenses and enter the educational institution. Ee bonds current ee bond values, ee bond calculator. Series ee savings bonds financial definition of series ee. Savings bonds are considered one of the safest investments that you can buy, because they are backed by the full faith and credit of the u. Series ee savings bond calculator free download at. The us treasury produces two types of savings bonds.