How to Calculate the Cash Value of EE Savings Bonds

by Michael Keenan

The federal government issues savings bonds to investors to purchase as a low-risk, long-term investment. The bonds continue to accrue interest for up to 30 years. Series EE savings bonds allow you to defer the income taxes on the interest earned until you cash in the bonds. Series EE savings bonds also allow you to pay for education expenses without paying federal income taxes on the interest. If you are considering cashing in your bonds, you should first calculate how much they are worth.

Open the Treasury Direct "Calculate the Value of Your Paper Savings Bond(s)" website.

Enter the savings bond series as "EE" and select the denomination of the bond from the drop-down menu. The denomination is the face value of the bond.

Enter the issue date of the bond as MMYYYY, where "MM" is the month the bond was issued and YYYY is the four-digit year the bond was issued. For example, a bond issued in January 2011 would be entered as "012011."

Press "Calculate" and the Treasury Direct site displays the current cash value of the EE savings bond. If you want to see the value of the bond in future months, change the "Value as of:" category to the month for which you want to calculate the bond value.

About the Author

Mark Kennan is a writer based in the Kansas City area, specializing in personal finance and business topics. He has been writing since 2009 and has been published by "Quicken," "TurboTax," and "The Motley Fool."

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