Max W Posted September 25, 2018 Report Share Posted September 25, 2018 A client asked me questions about EE bonds purchased many years ago. She wanted to know if they could be donated to her church and how much interest had accrued. Well, EE´s can not be transferred and to get the answer to the interest question, I found it here - https://www.savingsbonds.com According to them, banks do not necessarily compute the accrued interest properly and the website provides a calculator. There is a free period and after that, $5.95/yr. Buy 2 yrs and get the 3rd free. With all the other information they provide on savings bonds, it seems like a real bargain. 2 Quote Link to comment Share on other sites More sharing options...
JohnH Posted September 25, 2018 Report Share Posted September 25, 2018 That is a very informative site. Well worth bookmarking for those times when clients ask questions about savings bonds. The $10K per year limit on EE beds with a guaranteed 3.5% rate at maturity seems low, but a couple in their 40's building a bond ladder would certainly want to give it some careful thought. It's strictly a long-term play, but not unreasonable for the fixed income, no risk allocation of a retirement plan. 4 Quote Link to comment Share on other sites More sharing options...
SaraEA Posted September 26, 2018 Report Share Posted September 26, 2018 The US Treasury website does the exact same thing and it is free to use. I would be skeptical of the claim that the banks don't compute the interest correctly. I bet they use this site too. http://www.treasurydirect.gov/ 4 Quote Link to comment Share on other sites More sharing options...
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