How much is a $500 Series E savings bond from 1948 worth?
Official Treasury redemption values by issue month, September 2026.
savingsbondcheck.com - $500 Series E savings bond issued 1948 - values as of September 2026 - data: U.S. Treasury
Official Treasury value file data
- A $500 Series E savings bond issued in 1948 is worth $2,621.80 to $2,733.80 as of , depending on the issue month printed on the bond. That is the official U.S. Treasury redemption value - what a bank pays you today.
- It cost $375.00 when it was bought. Everything above that is interest: up to $2,358.80 earned so far.
- Matured. This bond stopped earning interest and its value will not increase again. There is no deadline to cash it, but it is losing value to inflation every month it sits.
Every 1948 issue month
Savings bonds issued in different months of 1948 are worth different amounts, because each month's bond has its own rate history. Match the issue date printed on your bond to the row below.
| Issue month | Value now ($500 bond) | Status | Final maturity |
|---|---|---|---|
| January 1948 | $2,628.20 | Matured | January 1988 |
| February 1948 | $2,628.20 | Matured | February 1988 |
| March 1948 | $2,628.20 | Matured | March 1988 |
| April 1948 | $2,628.20 | Matured | April 1988 |
| May 1948 | $2,621.80 | Matured | May 1988 |
| June 1948 | $2,664.60 | Matured | June 1988 |
| July 1948 | $2,664.60 | Matured | July 1988 |
| August 1948 | $2,664.60 | Matured | August 1988 |
| September 1948 | $2,664.60 | Matured | September 1988 |
| October 1948 | $2,664.60 | Matured | October 1988 |
| November 1948 | $2,690.20 | Matured | November 1988 |
| December 1948 | $2,733.80 | Matured | December 1988 |
Other Series E 1948 denominations: $25 · $50 · $75 · $100 · $200 · $500 · $1,000 · $10,000
Source: U.S. Treasury Fiscal Data - Savings Bonds Value Files (v2/accounting/od/sb_value), redemption period 2026-09. Values are published per $25 of face value and scale exactly: a $500 bond is 20x the per-$25 figure.
Frequently asked questions
How much is a $500 savings bond from 1948 worth?
Between $2,621.80 and $2,733.80 as of September 2026, depending on the issue month printed on the bond. Find the month in the table above for the exact Series E figure from Treasury's official value file.
What did a $500 Series E bond cost?
$375.00.
Is a 1948 Series E bond still earning interest?
No. Bonds from this year have reached final maturity and stopped earning. They stay redeemable at full value with no deadline.
How do I cash a $500 savings bond?
Take the paper bond and photo ID to a bank that redeems savings bonds, or mail it to Treasury with FS Form 1522. See the how-to-cash guide for what banks require and the tax forms.
All 1948 denominations and the full history: Series E 1948 value table · every year for this denomination: $500 savings bond values · check a specific bond · how to cash it.