How much do Series E/EE bonds cost?
Thursday, September 2nd, 2004
Categorized as: Series E US Savings Bonds • Series EE US Savings Bonds
What is the cost of a Series E/EE Savings Bond?
Tom’s response
Series E bonds haven’t been issued since 1980. When they were issued, they were sold for 75% of face value (you paid $75 for a $100 bond).
Paper (or definitive) Series EE bonds are sold at 50% of face value (you pay $50 for a $100 bond) and come in eight face-value denominations: $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000.
Electronic (or book) Series EE Savings Bonds sold online at TreasuryDirect – as well as both paper and electronic Series I Savings Bonds – are issued at full face value (you pay $100 for a $100 bond) and are available in any amount, to the penny, from $25 to $5,000.
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Tom Adams
My father in law recently cashed in numerous E bonds dating from the same year( 60’s) and for the same amount at two different banks. On cashing them in one banks interest was $80.00 more than the other bank. What could cause this since both have the same face value?
W – To result in exactly the same redemption amount, the bonds would have to have the same face value and be issued in the same year and month.
Since the face value and year were the same, the months of issue must have been different.
Tom Adams
My sister boought Series E savings bonds, with my name on them also listed as POD with my name following. Upon her death, they were turned over to me. I am 77 and read that there is an inheritance exemption, which might exempt my having to pay the taxes on them. Is this true?
R. – You can continue to defer paying the income tax on the interest until the bonds stop paying interest 30 years after issue.
However, eventually you have to pay income tax on the interest the bonds have earned.
Tom Adams