How Do You Calculate Savings Bond Interest?
U.S. savings bonds are issued in two forms by the federal government, Series I or Series EE, both financed through the Department of Treasury while supervised by the Bureau of Public Dept. They serve the government by fulfilling dept obligations and the purchaser with a secure, long term tax deferred investment. The average bond takes 17 years to mature, but keeps accruing interest for 30 years. Savings bonds may sound complex, but determining their value is simple. Obtain the bond(s) and access an online savings bond calculator to determine the savings bond value. Choose between Series I and Series EE and one of the eight different denominations available from a drop down box. Start by entering the issue date and possibly the serial number which are both printed on the bond. The current value may then be calculated. Most online calculators allow the investor to build an inventory of bonds if there are multiple savings bond values to figure. Change the calculator’s “value as of” date t
