How much is a five hundred dollar savings bond worth that was bought in 1997?

Answer 1

Your bond will continue to earn interest until it is 30 yrs old. Here's how to figure it: Series EE savings bond bought betwn 5/1/1997 and 4/30/2005 will earn interest based on market yields for 5 yr treasury securities --- the rate will be 90% of the average yields on 5-yr treasury securities for the preceding 6 months. Series EE/E savings bonds issues may 1, 1997 - 5.68% interest

Nov 1, 1997 - 5.59% Those are good rates and you might want to not cash them in yet. Call the Treaasury Dept at 1-877-973-8983 (toll free) and request the latest redemption values table for EE & E bonds If you redeem the bonds bought in 1997 in September 2007 - then a $500 bond is worth from $373.40 to 384.80 depending on what month in 1997 it was purchased --- the interest earned is from $123.40 to 134.80. They originally cost $250 and will continue to gain value for the as long as 30 years from purchase date.