Dear Dr. Don,
I own three Series EE savings bonds with the following purchase dates and face value amounts:
I own three Series EE savings bonds with the following purchase dates and face value amounts:
- $500 (June 1983)
- $1,000 (December 1993)
- $500 (May 1994)
Keep a list of the serial numbers of all your bonds in a separate place. At one time, you had to either bundle up your series EE savings bonds and take them to a.
When should I cash them in? Do I just take them to my bank and let them cash them?
Savings Bond Value
Are all three at full value as of July 24, 2009?
— Suzanne Savings Tactics ogre iso download wii.
— Suzanne Savings Tactics ogre iso download wii.
Denominations and Serial Numbers. Savings Bond Questions. Get an answer to your questions from the Treasury's Savings Bonds team. Click below to ask a question. Can Lost Savings Bonds Be Replaced Without Serial Numbers? The tool's database only contains records of Series E bonds issued since 1974 and Series EE bonds with issue dates beginning in 1980. Periodic checks may prove successful because the Bureau updates the database as bonds reach maturity. How to Find Savings Bond Serial Numbers if.
Dear Suzanne,
Series EE savings bonds issued in the 1980s and early 1990s have an original maturity of 20 years, and an extended maturity of 10 years, for a total of 30 years until the final maturity of the bonds.
Series EE savings bonds issued in the 1980s and early 1990s have an original maturity of 20 years, and an extended maturity of 10 years, for a total of 30 years until the final maturity of the bonds.
These bonds were purchased at half their face value. Over their original maturities, the bonds increase in value to become worth at least the face amount. During the extended maturity period, the bond continues to earn interest according to the terms of the extension period.
The Series EE bond you own from 1983 will reach its final extended maturity in June 2013. At final maturity, the bond stops earning interest. Deferred interest earnings become taxable when the bond is redeemed or matures.
The TreasuryDirect Web page “When Interest is Added to Your Bonds” explains why, for your bonds, it makes sense to wait until an interest payment month to redeem the savings bond.
The interest rate earned by your bonds for any six-month interest period depends on the terms of the savings bond when purchased. The TreasuryDirect Web page “Before May 1995 (EE Bond Rates and Terms)” explains the different approaches to establishing an interest rate depending on when the savings bonds were purchased and the bond’s current age.
An easy way to get around all the particulars concerning the interest rates on your bonds is to use the Savings Bond Wizard and input the information about the bonds. The Savings Bond Wizard is available as a download on the TreasuryDirect website. I used it for your bonds and came up with the following information:
EE savings bond details | ||||||||
---|---|---|---|---|---|---|---|---|
Face value | Issue date | Price | Interest | Value | Rate | Yield | Next interest date | Final maturity date |
Face value: $500 | Issue date: Jun-83 | Price: $250 | Interest: $764.40 | Value: $1,014.40 | Rate: 1.78% | Yield: 5.46% | Next interest date: Dec-09 | Final maturity date: Jun-13 |
Face value: $1,000 | Issue date: Dec-93 | Price: $500 | Interest: $449.60 | Value: $949.60 | Rate: 1.32% | Yield: 4.18% | Next interest date: Dec-09 | Final maturity date: Dec-23 |
Face value: $500 | Issue date: May-94 | Price: $250 | Interest: $214.40 | Value: $464.40 | Rate: 1.70% | Yield: 4.17% | Next interest date: Nov-09 | Final maturity date: May-24 |
Totals: | Price: $1,000 | Interest: $1428.40 | Value: $2,428.40 |
Alternately, you can just use the savings bond calculator to find out the information without downloading the program. That would allow you to calculate the value as of the July 2009 date. https://loadrenew.weebly.com/office-2010-iso-download-digital-river.html. Pay attention to the next accrual (interest) date, however, so you know when the next interest payment is credited to the bond.
Use the rate column to see what you’re currently earning on the savings bonds. The yield column shows the return over the time you’ve owned the bonds. I’d use the rate column, updated to reflect the new rates available to you at the next interest date, to decide whether or not to redeem the bonds.
If you’ve been deferring the income tax due on the interest earnings, the earnings are reported as interest income for the tax year the bonds are redeemed.
https://loadrenew.weebly.com/nintendo-3ds-theme-download-code.html. The savings bonds purchased in the early 1990s may qualify for the Savings Bonds in Education program. If that’s the case, the interest earnings are excluded from federal income tax when bonds are used to finance education. Restrictions apply — see the “Education Planning” page on the TreasuryDirect website for more information.
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You're not alone if you can't find that savings bond Aunt Clara gave you for your sixth birthday. In 2011, the U.S. Department of the Treasury Bureau of Public Debt held nearly 45 million lost, undeliverable and forgotten U.S. savings bonds that had reached maturity but had not been redeemed. The Bureau helps you locate and recover your missing investment through its TreasuryDirect website and written requests.
Pre-search Homework
Gather as much information about your bonds as possible. According to Kiplinger.com, the more information you can provide, the better the odds for getting a replacement. When was the bond issued? Even if Aunt Clara doesn't remember when she bought your bond, you can estimate the time period as 'between February 1981 and May 1983,' for example. Other helpful facts include the purchaser's Social Security number, the face value of the bond, who had access to it and when you last saw it.
Searching Online
The TreasuryDirect website contains the Treasury Hunt tool to locate bonds that have matured. You enter the Social Security number of either the purchaser or the receiver to do a search. The tool's database only contains records of Series E bonds issued since 1974 and Series EE bonds with issue dates beginning in 1980. Periodic checks may prove successful because the Bureau updates the database as bonds reach maturity.
Successful Search
When you've found a bond, the Treasury Hunt system prompts you to submit a claim. According to ABCNews, two-thirds of claimants fail to give contact information needed for the claim to proceed, so it's important to provide full information. Someone from Treasury will confirm that you are entitled to the uncashed bond and either send you a form to complete, or tell you which one to download from the TreasuryDirect site. The claim form must be certified, at a bank, credit union or brokerage firm before you submit it. Certification involves showing photo identification to a designated official and signing the form in his presence. His subsequent signature and the stamp or official seal he adds verify you as the claimant. You may choose replacement, redemption or conversion to an electronic bond to keep in a TreasuryDirect account you open. Replacement bonds carry the original date of issue.
Savings Bond
Written Inquiry
When your bond doesn't show up in a Treasury Hunt search, you must submit Form 1048: Claim for Lost, Stolen or Destroyed U.S. Savings Bonds, which you can download from the TreasuryDirect website. Use the information you pulled together to fill out the form. Take your completed form -- and photo identification -- to a financial institution, not a Notary Public, for certification. An official at the bank or credit union will verify your identity, witness your signature, place an identifying stamp or seal on the form, and sign it. The Department of Treasury, Bureau of the Public Debt address for mailing depends on the type of bond. Claims for Series H and HH bonds go to P. O. Box 2186, Parkersburg, West Virginia 26106-2186; send Series E, EE and I bond claims to P. O. Box 7012, Parkersburg, West Virginia 26106-7012.
Undelivered Bonds
As of January 1, 2012, the U.S. Treasury replaced paper bonds purchased at banks with electronic bonds. However, taxpayers can still buy Series I paper bonds using their federal income tax refund and get them through the mail. Should a bond you purchased this way never arrive in your mailbox, you can request a duplicate. Use form 3062-4 -- Claim for United States Savings Bonds Not Received. Either download it from TreasuryDirect.gov, or call the Federal Reserve's toll-free number -- 1-800-553-2663 -- to have one mailed to you. If your missing bond is less than a year old, you can receive a replacement, but not payment.
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Trudy Brunot began writing in 1992. Her work has appeared in 'Quarterly,' 'Pennsylvania Health & You,' 'Constructor' and the 'Tribune-Review' newspaper. Her domestic and international experience includes human resources, advertising, marketing, product and retail management positions. She holds a master's degree in international business administration from the University of South Carolina.
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