Does Savings Bond Calculator include penalties?

Wednesday, August 9th, 2006
Categorized as: Cashing in US Savings BondsCurrent value of a US Savings Bond

My I bonds are less than five years old. Does your Savings Bond Calculator take into consideration the three-month interest penalty for redemption before five years or does it give a bond’s actual value?

Tom’s response

Our Savings Bond Calculator shows redemption values – the actual amount of money you’ll get if you redeem a bond. The three-month interest penalty has already been deducted from the bond’s actual value to come up with these redemption values.

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FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:

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June 1, 2010

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Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for. If you have a copy of Savings Bond Advisor, you can ask me a question here.

Tom Adams

Savings Bond Calculator


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