These bonds have stopped earning interest. Every Series E bond issued in 1948 has passed final maturity (from Jan 1988). Holding them longer adds nothing, so most owners cash them. If you haven't reported the interest yet, it was taxable for the year the bond matured. How to cash them · Taxes
Key facts about 1948 Series E bonds
- A $100 bond issued December 1948 is now worth 7.3 times its $75.00 purchase price.
- It stopped earning interest in Jan 1988 and has been frozen at $525.64 since. Every month it stays uncashed earns nothing.
- It was already worth more than its $100 face value when Treasury's records begin (May 1992).
Value by issue month
| Issue month | $25 bond | $50 bond | $100 bond | $1,000 bond | Status | Final maturity |
|---|---|---|---|---|---|---|
| January 1948 | $131.41 | $262.82 | $525.64 | $5,256.40 | Stopped earning | Jan 1988 |
| February 1948 | $131.41 | $262.82 | $525.64 | $5,256.40 | Stopped earning | Feb 1988 |
| March 1948 | $131.41 | $262.82 | $525.64 | $5,256.40 | Stopped earning | Mar 1988 |
| April 1948 | $131.41 | $262.82 | $525.64 | $5,256.40 | Stopped earning | Apr 1988 |
| May 1948 | $131.09 | $262.18 | $524.36 | $5,243.60 | Stopped earning | May 1988 |
| June 1948 | $133.23 | $266.46 | $532.92 | $5,329.20 | Stopped earning | Jun 1988 |
| July 1948 | $133.23 | $266.46 | $532.92 | $5,329.20 | Stopped earning | Jul 1988 |
| August 1948 | $133.23 | $266.46 | $532.92 | $5,329.20 | Stopped earning | Aug 1988 |
| September 1948 | $133.23 | $266.46 | $532.92 | $5,329.20 | Stopped earning | Sep 1988 |
| October 1948 | $133.23 | $266.46 | $532.92 | $5,329.20 | Stopped earning | Oct 1988 |
| November 1948 | $134.51 | $269.02 | $538.04 | $5,380.40 | Stopped earning | Nov 1988 |
| December 1948 | $136.69 | $273.38 | $546.76 | $5,467.60 | Stopped earning | Dec 1988 |
Values as of October 2026. Other face values are proportional: a $200 bond is worth twice the $100 value. Click a month to open it in the calculator.
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Questions about 1948 Series E bonds
How much is a $100 Series E bond from 1948 worth?
As of October 2026, a $100 Series E bond issued in 1948 is worth $524.36 to $546.76, depending on the month it was issued. It cost $75.00 new.
Do 1948 Series E bonds still earn interest?
No. They have all reached final maturity and stopped earning interest.
Is the value before tax?
Yes. Savings bond interest is subject to federal income tax but not state or local income tax.
All Series E values by year · Found old savings bonds? What to do