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  Savings Bond News Alert:
New Interest Rates Announced for MAY 1ST 2008! Shocking new I bond rates! See the Savings Bond Rates Page!
 
Frequently Asked Questions
Value Savings bonds Online right now!
Based on years of answering countless questions, we have found these to be the most often asked questions - review and enjoy. If you have any other questions, please feel free to contact us by email at info@savingsbonds.com
What do I do about a lost, destroyed or stolen bond? 
How long will it take for a bond to reach it's face value? 
When is the best time to cash in (redeem) a bond? 
What interest rate is used to calculate what bonds are worth? 
What do I do if I need to change information printed on a bond? 
How do I make my bonds tax free for Education? 
How do you exchange E, EE bonds for HH bonds? 


Q: What do I do about a lost, destroyed or stolen bond?
A: Good News, a recent NEW SERVICE provided ONLINE by
SavingsBonds.com cuts down on the long reading of government forms, and
walks you through the application process of replacing your bonds,
Quickly & Easily!. After you complete your on-line application
it is reviewed by a Bond Consultant. We'll include
suggestions/comments to achieve the best results.
Here’s even better news, the bonds continued to
earn interest during the period that they were missing.
Remember - a Bond Consultant will review it and
make comments or suggestions, a complete and 
accurate application may help recover our lost treasure!
 
Instant Access to the Form you need!
 
The Bond Consultant’s form can save you time and hassles, a trip to
the bank, and/or the cost and time of a long distance phone call. Get
your request in faster, by using an on-line copy of PDF 1048 form .
Complete it right on the screen, print it out and save even more time
and get your request for a replacement bond filed quicker!
Please note: A new bond that you never received in the mail from
the Federal Reserve requires Form PDF 3062
 
Before You File
Act quickly if you suspect that a bond is missing or stolen. The Bureau
of Public Dept. will only keep records of redeemed (cashed in) bonds
for up to 10 years. After that date, you are probably out of luck and
may not be able to get a replacement bond since the government may
no longer have a record of the bond. If government records indicate
that a bond has been redeemed, chances are the claim for replacement
will be denied, unless someone other than the owner or the co-owner
redeemed the bond.
 
You must provide a serial number for bonds that are six years past their
final maturity date. Helpful Hint: Bonds issued through November 30, 1965 will reach it’s final maturity in forty (40) years. Bonds issued from December, 1965 or later, will earn interest for up to 30 years. Check your dates before you fill out the application!
 
It’s as easy as 1,2,3 to complete an on-line application for replacement!
 
1. Fill out Form PDF 1048 -"Application for Relief on Account of Loss, Theft, or Destruction of United States Savings and Retirement Securities". The easy instructions are on the form, and you can fill it out on-line!
 
2. Supply as much information about the bonds as possible, such as the month and year issued, the name on the bond, etc. Providing a serial number will help speed up the process. Reminder: You must supply a serial number for a bond that is six years beyond its final maturity.
 
3. Submit your application: (note: there is a small handling charge). A Bond Consultant will review it, we'll mail it to you, complete with an addressed envelope, have it notarized then mail it in!
Note: It may take approximately 4-6 weeks to get a response from the government. It can take up to several months for a replacement bond to be sent to you. There are no guarantees that a replacement will be issued if the government can not find a record.
 
What do I do if I never received a bond that I recently purchased?
This situation is different than a lost or stolen bond (noted above) and requires a different form, called "Claims for Relief on Account of Loss, Theft or Destruction of United States Savings Bonds After Valid Issue But Prior to Receipt by Owner, Co-Owner or Beneficiary", or form PDF 3062. The issuing bank (where you purchased the bond) is expected to keep the issue information on file for six months. You should go to the bank and request that they provide you with a claim form, fill out the required information, and then it must be signed by all those named on the missing bond. Minors must also sign the form if they are named on the bond.
 
Other Helpful Hints:
If the bond was issued by your payroll savings plan, contact the payroll
department. If six months have passed since issuance, contact the bank
where the bond was issued/purchased. The bank should be able to help
you locate the bond record. The Bond Consultant suggests that you bring
a copy of the receipt of payment (or a canceled check) as proof of
payment and the date of purchase.

Q: How long will it take for my bonds to reach it's face value?
A: Once again, this answer depends on when the bond was issued. We broke down when a bond reaches its original maturity and when it goes into an "extension" by years. An extension is the term used for the 10 year period after the bond reaches its original maturity. A bond may enter into an additional 10 year extension. However a bond will never earn interest for more than 30 or 40 years (depending on the issue date of the bond).
PRIOR TO NOVEMBER 1982:
 
Original Maturity Dates for E Bonds
Issued from Issued to Time to mature
 May 1941  April 1952   10 Years
 May 1952  January 1957  9 years 8 months
 February 1957  May 1959  8 years 11 months
 June 1959  November 1965  7 years 9 months
 December 1965  May 1969  7 years
 June 1969  November 1973  5 years 10 months
 December 1973  June 1980  5 years
Original maturity Dates : EE Bonds
Issued from Issued to Time to mature
 January 1980  October 1980  11 years
 November 1980  April 1981  9 years
 May 1981  October 1982  8 years
Original maturity Dates : Savings Notes
Issued from Issued to Time to mature
 Anytime  Anytime  4 years 6 months
 
Extension rules for pre-1982 bonds: Bonds will enter into a 10 year extension. The bond will increase in value every six months from the original maturity date (see above). The bond may enter into a second 10 year extension, not to exceed 30 or 40 years, depending on the issue date.
 
Bonds Issued from November 1982 through April 1995
Original Maturity Dates
Issued from Issued to Time to mature
 November 1982  October 1986  10 Years
 November 1986  February 1993  12 Years
 March 1993  April 1995  18 Years
 June 1959  November 1965  7 years 9 months
 December 1965  May 1969  7 years
 June 1969  November 1973  5 years 10 months
 December 1973  June 1980  5 years
 
Extension rules for November 1982 through April 1995: Bonds will enter into a first extension for 10 years. On the second extension, the bond earns interest until it reaches 30 years old. During the seconds extension, the guaranteed minimum interest rate value is re-calculated. It begins by determining what the bond will be worth at the end of the first maturity period and then applies the rate that was in effect when the second maturity period was entered for each interest period.
 
EE BONDS ISSUED SINCE MAY 1995: Since interest rates can change every six months, it is virtually impossible to predict when your bond will reach it’s original maturity (face value). A brief guideline is if the bond was earning an average rate of 5% per year, it would take approximately 14 1/2 years to reach face value. A bond earning interest at a rate of 6%, compounded semi-annually would take no more than 12 years to reach face value.
 
GOOD NEWS! EFFECTIVE MAY 1, 1995, BONDS ARE GUARANTEED TO BE WORTH AT LEAST IT’S FACE VALUE AT 17 YEARS. THE TREASURY WILL MAKE A ONE TIME ADJUSTMENT TO BE CERTAIN THAT YOUR BOND WILL REACH ITS FACE VALUE IF INTEREST RATES WERE TOO LOW.
 
Extensions on Bonds issued from May 1995 and thereafter is from the 17th year to 30 years, bonds will earn interest for thirteen more years, or until it is 30 years old.

 
 

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