These bonds are still earning interest until 30 years after issue (Jan 2034 for January 2004 bonds). You can cash them any time, or keep them growing. How to cash a bond
Key facts about 2004 Series I bonds
- A $100 bond issued January 2004 is now worth 2.3 times its $100.00 purchase price.
- Over the past 12 months a $100 January 2004 bond grew from $224.36 to $233.96 (+$9.60, 4.3%).
- It keeps earning for about 7 more years, until Jan 2034.
- Fixed rate (set at purchase, never changes): Jan–Apr 2004: 1.10%; May–Dec 2004: 1.00%.
- Composite rate in the 6-month period starting May 2026 (by issue month): Jan–Apr: 4.46%; May–Dec: 4.36%.
Value by issue month
| Issue month | $50 bond | $100 bond | $500 bond | $1,000 bond | Status | Final maturity |
|---|---|---|---|---|---|---|
| January 2004 | $116.98 | $233.96 | $1,169.80 | $2,339.60 | Earning | Jan 2034 |
| February 2004 | $116.56 | $233.12 | $1,165.60 | $2,331.20 | Earning | Feb 2034 |
| March 2004 | $116.12 | $232.24 | $1,161.20 | $2,322.40 | Earning | Mar 2034 |
| April 2004 | $115.70 | $231.40 | $1,157.00 | $2,314.00 | Earning | Apr 2034 |
| May 2004 | $114.32 | $228.64 | $1,143.20 | $2,286.40 | Earning | May 2034 |
| June 2004 | $113.90 | $227.80 | $1,139.00 | $2,278.00 | Earning | Jun 2034 |
| July 2004 | $113.50 | $227.00 | $1,135.00 | $2,270.00 | Earning | Jul 2034 |
| August 2004 | $113.10 | $226.20 | $1,131.00 | $2,262.00 | Earning | Aug 2034 |
| September 2004 | $112.68 | $225.36 | $1,126.80 | $2,253.60 | Earning | Sep 2034 |
| October 2004 | $112.28 | $224.56 | $1,122.80 | $2,245.60 | Earning | Oct 2034 |
| November 2004 | $112.28 | $224.56 | $1,122.80 | $2,245.60 | Earning | Nov 2034 |
| December 2004 | $111.88 | $223.76 | $1,118.80 | $2,237.60 | Earning | Dec 2034 |
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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How the value has grown
Questions about 2004 Series I bonds
How much is a $100 Series I bond from 2004 worth?
As of October 2026, a $100 Series I bond issued in 2004 is worth $223.76 to $233.96, depending on the month it was issued. It cost $100.00 new.
What interest rate do 2004 I bonds earn?
Each I bond keeps the fixed rate it was issued with (Jan–Apr 2004: 1.10%; May–Dec 2004: 1.00%) plus the current inflation rate, which resets every six months. Source: U.S. Treasury Fiscal Data.
Do 2004 Series I bonds still earn interest?
Yes. They earn interest for 30 years from the issue date.
Is the value before tax?
Yes. Savings bond interest is subject to federal income tax but not state or local income tax.
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