savings bond value calculation
Hi Terry,
Do you know why the value of EE savings bond has dropped? In May I cashed a $100 bond from May 1995 and received $164.12. Now, I want to cash another $100 bond from June 1995 and it’s only worth $123.56. When I check the number of the bond from May in the bond value calculator it’s also down to $123.56. What’s going on?
Terry Says
That’s likely because you purchased the bonds at different times, so they carried a slightly different interest rate — credited over the years.
Did you use the savings bond calculator to get the true value of the bonds before you cashed them in?
https://treasurydirect.gov/savings-bonds/savings-bond-calculator/
I’m assuming that you sent them to Treasury to cash them in. If not, did the bank charge a fee for this service?
