Tag Archives: savings bonds

Its name is Bond: Savings Bond

Your name here
Our family – mostly I – is cleaning out our attic, and that fact MAY become the source of several blog posts. I have noted that it has become a bit of a sore point. We all have stuff up there, but I have items that are relegated there because there’s no room on floors one and two, according to the powers that be. So I have two bookcases, with books, that I would be inclined to access, e.g.

When we decided to get the attic insulated, it took THREE years. Moving all the stuff to half of the attic, then have it insulated. Then paint it, which I would have skipped. And for a brief time – maybe six weeks, the attic was again a usable space. But then time to insulate the other half, so everything’s then in the OTHER half of the room. And this took the contractor FOREVER to do, until I got…rather grumpy about it, let’s say. Room gets insulated; floor, which was weakened, was repaired; room (again, I believe unnecessarily), was painted.

NOW, finally I could put things from one side of the attic into the other, rather than have everything packed to the ceiling on one side, where I can’t access/find anything. Some of the clutter are old bills and the like, which I WOULD have gotten to a couple years ago, if that had been possible.

One box, I quickly determine was receipts of The Wife’s, all from 2004, the year the Daughter was born. One thing I DID take out was a $50 savings bond. Hmm, I wonder what it’s worth. I go to the TreasuryDirect calculator, and discover that a $50 savings bond purchased in April 2004 doesn’t mature until April 2034. The $25.00 outlay has gained $6.96 in interest, currently at 0.63%, and is now worth a whopping $31.96.

I then remember that I have a about two dozen $100 savings bonds, purchased for $50 each, from the mid-1990s, and I should check their value.

The first one, purchased 01/1993, has gained $89.56 in interest, is still gaining at 4.00%, and is now worth $139.56, more than face value. Cool.

The first ones I got in the next two years are worth somewhat less: the one I purchased 02/1994 has $57.56 in interest, still at 4.00%, for $107.56. 01/1995 has $53.72 in interest, at 4.00%, for $103.72.

But then it drops off badly. My 01/1996 purchase $50.00 has made $50.00 in interest, but is getting only 0.59% interest now. And the last one I bought, in 08/1997 has garnered only $36.20 in interest, and is receiving only 0.63%.

So if I were to have to cash them in, I’d start with the 1996 issue, then 1997, 1995, 1994, and keep those 1993 bonds for last. Savings bonds don’t seem to be the golden value they used to be.