Does Savings Bond Calculator include penalties?

Wednesday, August 9th, 2006
Categorized as: Cashing in US Savings Bonds • Current value of a US Savings Bond

My I bonds are less than five years old. Does your Savings Bond Calculator take into consideration the three-month interest penalty for redemption before five years or does it give a bond's actual value?

Tom's response

Our Savings Bond Calculator shows redemption values - the actual amount of money you'll get if you redeem a bond. The three-month interest penalty has already been deducted from the bond's actual value to come up with these redemption values.

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