Quite a few people have savings bonds that they purchased or received as a gift years ago. If you’re one of those people, you’ve probably wondered what they’re worth or what you can do with them now? If so, read on for answers to some of the most common questions others have asked us and you might also be pondering.
Q: How do I know how much my bonds are worth?
A: If you have paper bonds, you can calculate their value at: www.treasurydirect.gov/BC/SBCPrice.If you hold your bonds electronically, you can find out the value through the TreasuryDirect website. (You’ll need to establish an account and the value will be reflected under the “current holdings” tab.)
Q: Can you still buy EE bonds?
A: You can. However, they can only be purchased electronically through the TreasuryDirect website. These bonds are now sold at face value (i.e., $50 purchase price for a $50 bond). Paper bonds were sold for half of face value (i.e., $25 purchase price for a $50 bond).Q: How much interest will bonds earn?
A: If you were to buy a bond today, the current fixed rate is 0.10%. Interest is paid on the bond for 30 years. After that time you won’t earn any interest so it’s best to cash it in by or at year 30.Q: How do I redeem my bond?
A: You can redeem paper bonds at some banks, or you can mail them to: Treasury Retail Securities Site, PO Box 214, Minneapolis, MN 55480-0214.Electronic bonds can be sold via the TreasuryDirect website.
