5. What's the interest rate you'd get if you bought savings bonds online today? Nothing close to 4 any more. Now a Series EE savings bond issued from November 2015 through April 2016 will earn a fixed rate of 0.10 - so they're not all that exciting.
Typically, the office would see about 50 applications for savings bond purchases each day at that point. "Buyers snatched up billions in bonds during those final days of October 1986. Most did not realize that the 7.5 was good for only the first 10 years.
30, 2015. After 30 years, these bonds stop earning more interest. A 50 Series EE savings bond with a picture of President George Washington that was issued in January 1986 was worth 113.06 as of December.
It is important to factor in the interest and save your paperwork to prepare your tax returns. Joseph DeGennaro, tax director for Doeren Mayhew in Troy, said one elderly client cashed in some savings bonds at one point but didn't realize she needed to report.
But a year later, the Internal Revenue Service sent her a tax bill plus interest and penalty for not reporting the income. Pederson noted that some big savers are cashing in some of their 1986 bonds in 2015 and forgoing some interest in order to avoid.