What is an i series bond worth?

NEWS: The initial interest rate on new Series I savings bonds is 9.62 percent. You can buy I bonds at that rate through October 2022.

What is the maturity date of a Series I savings bond?

30 years
Interest accrues monthly and is compounded semiannually. SERIES I BONDS ISSUED SEPTEMBER 1998 AND THEREAFTER All Series I bonds reach final maturity 30 years from issue. Series I savings bonds earn interest through application of a composite rate.

What is a savings bond series I?

A series I bond is a non-marketable, interest-bearing U.S. government savings bond that earns a combined fixed interest rate and variable inflation rate (adjusted semiannually). Series I bonds are meant to give investors a return plus protection on their purchasing power.

What is a major difference between Series I and Series EE savings bonds?

Electronic EE bonds are sold at face value with an annual purchase limit of $30,000. Series I bonds are sold at face value; individuals can purchase a maximum of $60,000 face value per year ($30,000 paper bonds and $30,000 electronic bonds).

How do I cash a Series I savings bond?

How do I cash my I bonds?

  1. If you hold an account at a local bank and it cashes savings bonds, ask the bank if it will cash yours. The answer may depend on how long you’ve held an account there.
  2. Send them to Treasury Retail Securities Services along with FS Form 1522 (download or order). You don’t need to sign the bonds.

Can Series I bonds lose value?

Can I Bonds lose value? No, I Bonds can’t lose value. The interest rate cannot go below zero and the redemption value of your I bonds can’t decline.

Are I bonds a good deal?

The combination of an I bond’s fixed rate and inflation rate creates its composite rate. This is the interest rate an I bond will actually earn. Currently, I bonds are offering a composite rate of 9.62 percent.

Do you pay taxes on Series I bonds?

Series I savings bonds are subject to federal taxes. You will owe the federal government taxes on the interest income you earn during the time you hold I bonds.

How do I cash in Series EE Savings Bonds?

How do I cash my EE and E bonds?

  1. If you hold an account at a local bank and it cashes savings bonds, ask the bank if it will cash yours. The answer may depend on how long you’ve held an account there.
  2. Send them to Treasury Retail Securities Services along with FS Form 1522 (download or order).