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Member
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| Someone, please help me figure out the value of my savings bond that was issued 03/2000 and was purchased as a $50 bond... the government website is telling me it's worth only $39; there has got to be an error, as I'm sure it's worth probably over $1000, right? I assume if I cash it within the next few months, I should be able to get well over $1000, right? Someone help me understand this.
Edited by kh1212 2015-12-24 7:30 PM
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Defense Attorney for The Horse
 
Location: Claremore, OK | kh1212 - 2015-12-24 7:10 PM
Someone, please help me figure out the value of my savings bond that was issued 03/2000 and was purchased as a $50 bond... the government website is telling me it's worth only $39; there has got to be an error, as I'm sure it's worth probably over $1000, right?
There's a government website that you can type in the serial number and it will give you the current value. I think it's something like USTreasury.gov
Here ya go:
https://www.treasurydirect.gov/indiv/tools/tools_savingsbondcalc.htm
Edited by Liana D 2015-12-24 7:31 PM
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Member
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| Liana D - 2015-12-24 7:28 PM
kh1212 - 2015-12-24 7:10 PM
Someone, please help me figure out the value of my savings bond that was issued 03/2000 and was purchased as a $50 bond... the government website is telling me it's worth only $39; there has got to be an error, as I'm sure it's worth probably over $1000, right?
There's a government website that you can type in the serial number and it will give you the current value. I think it's something like USTreasury.gov
Correct, that's where it told me it's current value is somewhere close to $40. Does that mean if I cash it I will only get $40? That doesn't make sense to me... |
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Defense Attorney for The Horse
Location: Claremore, OK | kh1212 - 2015-12-24 7:30 PM
Liana D - 2015-12-24 7:28 PM
kh1212 - 2015-12-24 7:10 PM
Someone, please help me figure out the value of my savings bond that was issued 03/2000 and was purchased as a $50 bond... the government website is telling me it's worth only $39; there has got to be an error, as I'm sure it's worth probably over $1000, right?
There's a government website that you can type in the serial number and it will give you the current value. I think it's something like USTreasury.gov
Correct, that's where it told me it's current value is somewhere close to $40. Does that mean if I cash it I will only get $40? That doesn't make sense to me...
Sorry..it won't let me post without quoting.
Yes, it gives the current value. It should say on the bond how many years (like 20) it is to reach it's value. |
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Member
Posts: 7
| Liana D - 2015-12-24 7:33 PM
kh1212 - 2015-12-24 7:30 PM
Liana D - 2015-12-24 7:28 PM
kh1212 - 2015-12-24 7:10 PM
Someone, please help me figure out the value of my savings bond that was issued 03/2000 and was purchased as a $50 bond... the government website is telling me it's worth only $39; there has got to be an error, as I'm sure it's worth probably over $1000, right?
There's a government website that you can type in the serial number and it will give you the current value. I think it's something like USTreasury.gov
Correct, that's where it told me it's current value is somewhere close to $40. Does that mean if I cash it I will only get $40? That doesn't make sense to me...
Sorry..it won't let me post without quoting.
Yes, it gives the current value. It should say on the bond how many years (like 20 ) it is to reach it's value.
For my particular bond, it will mature in 2030. It was issued in 2000. So fast forward 16 years (already considering 2016).... I would think I could get $1000 if I "cashed" it or whatever. Clearly, this is totally new to me as it was just given to me by a family member out of the blue with my name and information on it. I just thought of $1000 and assume it would be worth that or more, because why else would a family member pay for a $50 ee series bond in 2000 and have it only be worth $100 30 years later or less (if turned in earlier)? I think I am misunderstanding this! LOL |
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  Fact Checker
Posts: 16572
 
Location: Displaced Iowegian | kh1212 - 2015-12-24 7:10 PM Someone, please help me figure out the value of my savings bond that was issued 03/2000 and was purchased as a $50 bond... the government website is telling me it's worth only $39; there has got to be an error, as I'm sure it's worth probably over $1000, right? I assume if I cash it within the next few months, I should be able to get well over $1000, right? Someone help me understand this.
First of all, I am confused....why would you think a FIFTY $$$ bond would ever be $1000 at maturity.
Your bond issued in 2000 was bought at half the price ($25) and will not mature until year 2017 at $50 . That being said the bond will continue to earn interest for 30 years. That interest is only compounded every 6 months. |
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Member
Posts: 7
| NJJ - 2015-12-24 7:41 PM
kh1212 - 2015-12-24 7:10 PM Someone, please help me figure out the value of my savings bond that was issued 03/2000 and was purchased as a $50 bond... the government website is telling me it's worth only $39; there has got to be an error, as I'm sure it's worth probably over $1000, right? I assume if I cash it within the next few months, I should be able to get well over $1000, right? Someone help me understand this.
First of all, I am confused....why would you think a FIFTY $$$ bond would ever be $1000 at maturity.
Your bond issued in 2000 was bought at half the price ($25) and will not mature until year 2017 at $50 . That being said the bond will continue to earn interest for 30 years. That interest is only compounded every 6 months.
I am a wishful thinker! LOL I have not a clue about any of this. |
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Defense Attorney for The Horse
Location: Claremore, OK | I know you're young but I doubt that bond will be worth $1,000, in your lifetime :-( |
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| NJJ - 2015-12-24 7:41 PM
kh1212 - 2015-12-24 7:10 PM Someone, please help me figure out the value of my savings bond that was issued 03/2000 and was purchased as a $50 bond... the government website is telling me it's worth only $39; there has got to be an error, as I'm sure it's worth probably over $1000, right? I assume if I cash it within the next few months, I should be able to get well over $1000, right? Someone help me understand this.
First of all, I am confused....why would you think a FIFTY $$$ bond would ever be $1000 at maturity.
Your bond issued in 2000 was bought at half the price ($25) and will not mature until year 2017 at $50 . That being said the bond will continue to earn interest for 30 years. That interest is only compounded every 6 months.
This is correct. $50 savings bond is worth $50 at maturity. |
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 Expert
Posts: 1273
Location: South Dakota | I bought a bunch of them in the late 80's early 90's. I've cashed some and they really didn't earn that much. |
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Member
Posts: 36
Location: Delaware | Savings bonds really do not earn that much interest unfortunately.
And they are purchased at half value so your bond was only purchased for $25 and will not be worth $50 until it's maturity date. After that it will continue to accrue interest but now a days the bonds' interest levels really aren't high enough to make it worth it. You can cash it out early if you wish but it will only be worth whatever the website says... |
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