Everything You Need To Know About Older Savings Bonds (F, G, J, & K)

Last Updated: March 5, 2019 | by Jackie Brahney | reviewed by Jack Quinn

J Savings Bond

Older series Savings Bonds work differently  from E, EE or I Savings Bonds. Learn where to obtain cash-in values, interest rates and if they are still earning interest.

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When Series E Savings Bonds were offered in 1941, so were Series F & G Bonds. Series E bonds were also referred to as “war bonds,” were purchased and were much more popular than F&G Bonds as the E bonds supported World War II efforts. These Savings Bonds were backed by the full faith and credit of the U.S. government.

Since these older bonds were only offered until 1952, there weren’t that many bonds issued.

What Are Series F Savings Bonds?

  • Offered 1941-1952.
  • Denominations available $25, $100, $500, $1,000, $5,000 and $10,000.00.
  • Bought at 74% (not 75%) of face value.
  • Reached full maturity in 12 years.
  • Interest income is exempt from state and local taxes.
  • When held to maturity, the bond offered a 2.53% interest rate.
  • Were sold through Federal Reserve Branches and the Treasury, they were not available through banks.
  • The bond could be redeemed after 6 months old, with a one months written notice.
  • Initially, annual purchase limits were $50,000, but was raised to $100,000

What Are Series G Bonds?

  • Issued 1941 – April 1952
  • Denominations available:  $100, $500, $1,000, $5,000 and $10,000.00.
  • Purchased at face value.
  • Matured in 12 years.
  • Interest was paid at 2.5% per year, paid via a Treasury check every six months.
  • Bonds are subject to an interest adjustment if redeemed prior to maturity.
  • Were sold through Federal Reserve Branches and Treasury, not through banks.
  • Bonds could be redeemed after 6 months old, with a one month’s written notice.
  • Initially annual purchase limits were $50,000, but then raised to $100,000.

What Are Series J Savings Bonds?

  • Issued May 1952 – April 1957
  • Denominations available: $25, 100, 500, 1,000, 5,000, 10,000, 100,000.
  • Bought at 72% of face value.
  • Maturity period of 12 years.
  • Interest was paid by accrual basis.
  • Bond taxable were due at  redemption.

What Are Series K Savings Bonds?

  • Issued May 1952 – April 1957 (same time period as Series J Bonds)
  • Denominations available: $500, 1000, 5000, 10,000, 100,000
  • Purchased at face value.
  • Maturity period of 12 years.
  • Interest was paid by a Treasury check every six months,  prior to the bonds maturity.
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What Are The Value Of Your Bonds?

The SavingsBonds.com complimentary savings bond calculator will value paper U.S. Savings Bonds issued since 1941. If you own paper E, EE, or I Savings Bonds, use the SavingsBonds.com calculator to receive complimentary savings bond values, which also includes a printable, detailed Savings Bond Inventory Report.

SavingsBonds.com Tip: If you own any F, G, J, & K Savings Bonds and you want to redeem them, you must send them into a Federal Reserve Branch. It is highly unusual for a bank and/or credit union to redeem these bonds. They may help you with the process.

Where Do I Redeem Bonds?

Contact your local bank or the Treasury Department at:

Treasury Retail Securities Site, P.O. Box 214, Minneapolis, MN 55480

Call:  844-284-2676 (toll free)

Do Your Parents And Grandparents Own These Bonds?

If you think anyone in your family may have ever owned one of these bonds, they could be worth up to 8 times their face value. If they were lost, stolen or possibly destroyed, they can be replaced and could be your lost treasure! Contact the Treasury Department for forms to replace these bonds.

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Savings Bonds As Collectors Items

The actual bond (printed paper) may be worth more at an auction or to a collector than the face value (depending on the denomination), due to the limited availability of these bonds. Matured F & G Bonds are worth their face value.

Created on: February 19, 2019

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Jackie Brahney

Marketing & Editorial Director at SavingsBonds.com
Jackie Brahney is the Marketing and Editorial Director and most notably, an U.S. Savings Bond Expert for SavingsBonds.com. Since 1991, she has done extensive research on savings bonds and state of the art savings bond valuation systems, and heads the company's public relations and marketing initiatives.
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