Step 1 gather your paper savings bonds together so you can refer to them step 2 access the treasury direct online savings bond calculator using the link in the references section below. As of jan 1, you can no longer purchase us savings bonds at your local bank or credit union not only that, you can’t buy paper versions of the bonds — with one exception. The treasury has a savings bond wizard that will calculate the value of your old paper bonds give it a shot give it a shot you may be pleasantly (or unpleasantly) surprised at the value of the. The patriot savings bond the patriot bond was sold from december 2001 to december 2011 it is a paper ee bond with patriot bond printed on the top half of the bond between the social security number and issue date. Ee bonds are government sponsored savings certificates they can be purchased at banks, from the us treasury at treasurydirectcom and through payroll savings plans paper ee bonds are sold at a cost of half the face amount, meaning a $50 bond initially cost $25.
The us treasury switched to electronic savings bonds in 2012 and stopped issuing paper bonds now that you can only purchase savings bonds electronically, many banks no longer redeem paper bonds. You can redeem series ee and other paper savings bonds at most financial institutions with proof of identity. Buy us series i savings bonds with a portion or all of your tax refund for yourself or anyone issued by the department of the treasury, series i bonds are low-risk bonds that grow in value for up to 30 years.
If you have paper bonds, contact your bank to see if it cashes savings bonds (not all banks do, and some will cash in savings bonds only for customers who have had accounts for at least six months. Savings bonds purchased with a tax refund will be issued as paper bond certificates in your name if you are married and filed a joint return, the savings bonds will be issued in your name and your spouse’s name. Starting jan 1, 2012, you can no longer buy paper savings bonds at financial institutions but you can go online to purchase two types of electronic savings bonds: series ee us savings bonds are an appreciation-type (or accrual-type) savings security. The sad story of savings bonds by terry savage there was a time when millions of dollars of us savings bonds were sold in june - for graduation gifts, for wedding gifts, and just because of the. Once the treasury department stopped selling savings bonds through over-the-counter channels, it effectively ended the paper savings bond program, but with one exception in 2010, a new tax time bond program was announced allowing tax filers to purchase paper series i savings bonds with their tax refunds.
Paper series i savings bonds are purchased at face value for example: a face-value $100 paper i bond is purchased for $100 the minimum purchase of a paper i savings bond is $50 the maximum purchase of paper i savings bonds annually, per calendar year, is $5,000. While no one can cash the bonds if they are lost or stolen (savings bonds are registered and non-transferable), replacing lost, stolen, or damaged savings bonds can be time consuming and costly furthermore, if you want to know the value of your paper bonds, you must use special valuation calculators on the internet a bit of a hassle. If you’d like to monitor savings bond value and want to know how to check your savings bond value, it’s relatively simple treasury direct offers a savings bond calculator to check the value of savings bonds by denomination and type if you’re planning to cash in savings bonds, do so with care.
Smartexchange is the process that allows holders of paper series ee and i savings bonds to trade them in for electronic securities of the same series and issue dates (convert them) in a special conversion linked account within their treasurydirect account. Paper savings bonds and other paper bond certificates may seem like old-fashioned investments, but many people still hold them due to a lifetime of prudent investing or because they received them from family and friends as birthday or holiday gifts. Savings bonds as gifts did you know us savings bonds can be used as a gift for any occasion -- birthdays, weddings, graduations, births, or special holidays we offer two types of savings bonds you can give - electronic (paperless) or paper. My kids get paper savings bonds from family members for holidays/birthdays/etc right now i do nothing with them besides putting them in a fire proof lock box but that can't be the best thing to do.
Calculate the value of your paper savings bond(s) savings bond calculator value as of: series: denomination: bond serial number: issue date: how to save your inventory calculator results for redemption date 02/2008 instructions how to use the savings bond calculator notes description. Dear dr don, i have three $50 series ee savings bonds issued to me (at my childhood address) back in june 1986 they were academic awards in grade school. Savingsbondscom has the only complimentary savings bond calculator that values paper us savings bonds and includes an eye-opening, color-coded, bond. I’d like to cash in a savings bond can you you please tell me how to do so tom’s response in most states, most banks, savings and loans, and similar institutions will cash savings bonds for you to cash a paper savings bond at treasury direct you’d have to open a treasury direct account and have your paper bond converted to an.
Paper savings bonds are easy and safe long-term investments that are guaranteed by the us government you can still purchase paper bonds from your local banking institution or purchase their equivalent online and own them electronically. Savings bonds are one of the world's safest investments backed by the full faith of the us government, savings bonds offer a safe place to build savings for the long-term at the cost of a. Many of us in adolescence and teenage years received paper savings bonds as gifts from relatives they were an easy way to help kids plan for college, getting married, or buying a first house, and.