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Patriot Bond Series EE Value Formula:
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The Patriot Bond Series EE Value Calculator estimates the current value of Series EE savings bonds, specifically Patriot Bonds, based on purchase amount, annual interest rate, and years held. These bonds are U.S. government savings bonds that earn interest over time.
The calculator uses the Patriot Bond Series EE value formula:
Where:
Explanation: The formula calculates compound interest with semi-annual compounding, which is typical for Series EE savings bonds.
Details: Accurate valuation helps bond holders understand their investment growth, plan for future financial needs, and make informed decisions about holding or redeeming bonds.
Tips: Enter the original purchase amount in USD, annual interest rate as a decimal (e.g., 0.025 for 2.5%), and number of years held. All values must be valid (purchase amount > 0, rate ≥ 0, years ≥ 0).
Q1: What are Patriot Bonds?
A: Patriot Bonds are Series EE U.S. savings bonds issued after December 11, 2001, to support anti-terrorism efforts. They function like regular Series EE bonds but with the Patriot Bond designation.
Q2: How do Series EE bonds earn interest?
A: Series EE bonds earn interest monthly and compound semiannually. They have a fixed interest rate for the bond's 30-year life.
Q3: What is the minimum holding period?
A: You must hold Series EE bonds for at least one year. If redeemed before 5 years, you lose the last 3 months of interest.
Q4: Are there tax advantages?
A: Interest earned is exempt from state and local taxes, and federal taxes can be deferred until redemption or maturity.
Q5: What happens after 30 years?
A: Series EE bonds stop earning interest after 30 years from the issue date. They should be redeemed or exchanged at that point.