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Savings Bond Information Center > Frequently Asked Questions
Frequently Asked Savings Bond Questions
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 jquinn@savingsbonds.com
What do I do about a lost, destroyed or stolen bond? 
How long will it take for a bond to reach its 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 by SavingsBonds.com cuts down on the long reading of government forms, and walks you through the application process of replacing your bonds. Search for your Lost Savings Bond right now!

After you complete your on-line application it is reviewed by a Savings 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 Savings Bond Consultant will review it and make comments or suggestions, a complete and accurate application may help recover our lost treasure!

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 its 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, 2004, BONDS ARE GUARANTEED TO BE WORTH AT LEAST IT'S FACE VALUE AT 20 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.



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