A 1945 Series E savings bond is worth $110.47 to $117.28 per $25 of face value (the amount printed on the bond) in November 2026, by issue month.
A $100 bond is worth $441.88 to $469.12, 5.89 to 6.25 times its price of 75% of face. Every 1945 bond stopped earning interest in 1985, so these values are final.
Treasury's Savings Bonds Value Files show these values for every month to May 2027. In Treasury's wording, 1945 was the last War Bond year.
Values for November 2026 (final values)
How Much Is a 1945 Series E Savings Bond Worth in November 2026?
A 1945 Series E bond is worth $44.19 (a $10 bond issued January to April) to $4,691.20 (a $1,000 bond issued in December) in November 2026. See Series E savings bonds, 1941 to 1980, for the rules. Table 1 lists every issue month.
Table 1: What a 1945 Series E savings bond (War Savings Bond) is worth in November 2026, by issue month and face value
| Issue month | $10 | $25 | $50 | $100 | $200 | $500 | $1,000 | Interest stopped |
|---|---|---|---|---|---|---|---|---|
| January 1945 | $44.19 | $110.47 | $220.94 | $441.88 | not issued | $2,209.40 | $4,418.80 | Jan 1, 1985 |
| February 1945 | $44.19 | $110.47 | $220.94 | $441.88 | not issued | $2,209.40 | $4,418.80 | Feb 1, 1985 |
| March 1945 | $44.19 | $110.47 | $220.94 | $441.88 | not issued | $2,209.40 | $4,418.80 | Mar 1, 1985 |
| April 1945 | $44.19 | $110.47 | $220.94 | $441.88 | not issued | $2,209.40 | $4,418.80 | Apr 1, 1985 |
| May 1945 | $44.62 | $111.54 | $223.08 | $446.16 | not issued | $2,230.80 | $4,461.60 | May 1, 1985 |
| June 1945 | $45.33 | $113.33 | $226.66 | $453.32 | not issued | $2,266.60 | $4,533.20 | Jun 1, 1985 |
| July 1945 | $45.33 | $113.33 | $226.66 | $453.32 | not issued | $2,266.60 | $4,533.20 | Jul 1, 1985 |
| August 1945 | $45.33 | $113.33 | $226.66 | $453.32 | not issued | $2,266.60 | $4,533.20 | Aug 1, 1985 |
| September 1945 | $45.33 | $113.33 | $226.66 | $453.32 | not issued | $2,266.60 | $4,533.20 | Sep 1, 1985 |
| October 1945 | $45.33 | $113.33 | $226.66 | $453.32 | $906.64 | $2,266.60 | $4,533.20 | Oct 1, 1985 |
| November 1945 | $45.77 | $114.43 | $228.86 | $457.72 | $915.44 | $2,288.60 | $4,577.20 | Nov 1, 1985 |
| December 1945 | $46.91 | $117.28 | $234.56 | $469.12 | $938.24 | $2,345.60 | $4,691.20 | Dec 1, 1985 |
Note: face values issued in 1945 are $10, $25, $50, $100, $200 (October to December issues only), $500 and $1,000 (TreasuryDirect calculator windows). Prices are 75% of face (31 CFR 316.2(b)).
Source: Bureau of the Fiscal Service, Savings Bonds Value Files (Fiscal Data, dataset 015-BFS-2014Q3-094, updated November 2, 2026), redemption month November 2026. Values for each face value are the file's $25-unit value times face/25; Series E values have not changed since final maturity.
How Much Is a 1945 War Bond Worth Today?
A 1945 war bond is a Series E bond, and a $25 war bond from 1945 is worth $110.47 to $117.28 in November 2026. Treasury calls Series E "the 'War Bond' of 1942-45 and subsequently just the savings bond" (TreasuryDirect) and pays no collector premium. For what WWII war bonds are worth now, see war bonds worth now.
Why Every 1945 Bond Stopped Earning Interest in 1985
Every 1945 Series E bond reached final maturity (the date interest stops) between January 1 and December 1, 1985, 40 years after its issue month (31 CFR 316.8(b)).
- Issue: 1945, at 75% of face
- Original term: 10 years
- Extensions: 40-year life for issues May 1941 to November 1965
- Final maturity: 1985
The value has not changed since. Other savings bonds mature and stop earning interest at different dates; the 30-year life applies only to E bonds issued from December 1965 (31 CFR Part 316).
Why a December 1945 Bond Is Worth More Than a January 1945 Bond
A December 1945 bond is worth more than a January 1945 bond because each issue month reached its 40-year final maturity at a different date. The value file prices the 12 months in five groups, from $110.47 per $25 for January to April to $117.28 for December.
A $100 bond gains $27.24 from January to December; December 1944 and January to April 1945 share one value, as do December 1945 and January to April 1946.
Table 2 shows the groups.
Table 2: The five 1945 value groups and the months next to them, November 2026
| Issue months | Months | $25 value | $100 value | Interest stopped | Year page |
|---|---|---|---|---|---|
| December 1944 | 1 | $110.47 | $441.88 | Dec 1, 1984 | 1944 Series E savings bond value |
| January to April 1945 | 4 | $110.47 | $441.88 | Jan 1 to Apr 1, 1985 | this page |
| May 1945 | 1 | $111.54 | $446.16 | May 1, 1985 | |
| June to October 1945 | 5 | $113.33 | $453.32 | Jun 1 to Oct 1, 1985 | |
| November 1945 | 1 | $114.43 | $457.72 | Nov 1, 1985 | |
| December 1945 | 1 | $117.28 | $469.12 | Dec 1, 1985 | |
| January to April 1946 | 4 | $117.28 | $469.12 | Jan 1 to Apr 1, 1986 | 1946 Series E savings bond value |
Note: values never fall from one issue month to the next between May 1941 and December 1945.
Source: Bureau of the Fiscal Service, Savings Bonds Value Files (Fiscal Data, dataset 015-BFS-2014Q3-094, updated November 2, 2026), redemption month November 2026. Values for each face value are the file's $25-unit value times face/25; Series E values have not changed since final maturity.
What a 1945 Bond Cost and How It Grew for 40 Years
A 1945 Series E bond cost 75% of its face value, $18.75 for a $25 bond and $75 for a $100 bond, and grew in value until 1985 (31 CFR 316.2(b)).
Treasury pays interest only at cashing (31 CFR 315.30): a $100 bond carries $366.88 to $394.12 of interest, a $200 bond $756.64 to $788.24. War bonds never sold at 50% of face.
Which Face Values Were Issued in 1945: Seven, From $10 to $1,000
Treasury's calculator prices 1945 Series E bonds in 7 face values, the only war year with seven: $10, $25, $50, $100, $200, $500 and $1,000. Issue prices are listed below.
- $10: $7.50 (issued June 1944 to March 1950)
- $25: $18.75
- $50: $37.50
- $100: $75
- $200: $150 (Treasury's calculator accepts October 1945 and later issue dates)
- $500: $375
- $1,000: $750
Treasury's history of the savings bond (1991) calls the $200 a memorial denomination for President Roosevelt.
Which Savings Bonds Were Sold in 1945: Series E, F and G
A savings bond bought in 1945 is one of 3 series: Series E (the war bond), Series F or Series G. Series E cost 75% of face, F 74% and G face value. F and G ran 12 years and are cashed only by mail with FS Form 1522.
Table 3: Savings bonds sold in 1945: Series E, F and G
| Attribute | Series E (War Savings Bond) | Series F savings bonds | Series G |
|---|---|---|---|
| Price | 75% of face | 74% of face | face value |
| Interest | added to the value | added to the value (12 years) | paid every 6 months |
| Interest stopped | 40 years after issue (1985) | 12 years after issue (1957, our calculation) | 12 years after issue (1957, our calculation) |
| Paid today | Table 1 value ($110.47 to $117.28 per $25) | face value | face plus a final $1.25 per $100 |
| Where to cash | a financial institution that cashes savings bonds, or FS Form 1522 by mail | FS Form 1522 by mail | FS Form 1522 by mail |
Sources: 31 CFR 316.2(b); 31 CFR 315.35(b), (d); TreasuryDirect historical and retired bonds page (as of November 11, 2026).
Series A to D ended in April 1941, and a 1945 bond is never Series EE.
War Bonds in 1945: The Last War Bond Year and Its Sales
Series E sales reached $9,822 million at issue price in 1945, down from the 1944 peak of $12,380 million (Treasury's History of the Savings Bond, Appendix III, p. 59). Treasury names the Series E "the 'War Bond' of 1942-45", so 1945 issues are the last War Bonds in its wording.
From May 1, 1941 to December 1945 Treasury sold nearly $186 billion of securities, more than $54 billion of them War Savings Bonds and $33.7 billion Series E, to over 85 million E Bond owners (p. 28).
War Bonds funded about 18 percent of the war's debt (TreasuryDirect). Over-the-counter sales of Series E ended December 31, 1979, and payroll sales June 30, 1980 (31 CFR 316.1).
How to Find the Exact Value of Your 1945 Savings Bond
Treasury prices a 1945 Series E bond by its issue month and face value; the serial number and the name printed on it do not change the value. Our savings bond calculator, built on Treasury's published value files, prices paper Series E bonds.
- Check that the bond says Series E.
- Read the issue date on a paper savings bond: month and year, upper right (31 CFR 316.2(d)).
- Ignore the validation date, lower right.
- Read the face value; Treasury's calculator prices a $200 bond from October 1945 issue dates.
- Find the row and column in Table 1.
TreasuryDirect's calculator is Treasury's free tool and marks Series E bonds "MA" (matured). A Social Security number was not required on a 1945 bond (31 CFR 316.2(c)(1): required from January 1, 1974).
Cashing a 1945 Savings Bond and Reporting Its Interest
A 1945 Series E bond is cashed at a financial institution that cashes savings bonds or by mail with FS Form 1522, and Treasury charges no fee. See how to cash savings bonds for the paper bond routes.
Banks may cash paper bonds but need not (FS Publication 0022, Rev. October 2022), and may not charge you (31 CFR 321.23(c)).
The mail route uses FS Form 1522 (Revised April 2026; PDF, TreasuryDirect), sent with the bond to Treasury Retail Securities Services, P.O. Box 9150, Minneapolis, MN 55480-9150. Treasury says 3 months or longer in your name, 5 months or longer if not (TreasuryDirect, November 11, 2026). You can cash by mail with FS Form 1522.
A request of $1,000 or less needs no signature certification: one October 1945 $200 bond ($906.64) or two December 1945 $100 bonds ($938.24). Above $1,000 a notary or certifying officer must certify your signature, for example that $200 bond plus a December $25 bond ($1,023.92) or any $500 bond.
Tax Year 1985: When Interest on a 1945 Bond Was Reportable
Interest on a 1945 bond that was never cashed became reportable for tax year 1985, the year of its final maturity, unless the owner reported it yearly or cashed the bond earlier (31 CFR 316.9; 26 U.S.C. 454; IRS Publication 550).
The interest is $366.88 to $394.12 per $100 bond, subject to federal income tax and exempt from state and local tax (31 CFR 316.9(a)). Ask a tax professional about a missed year; see federal tax on savings bond interest.
Lost, Found or Inherited 1945 Bonds
Five situations change what an owner or heir does with a 1945 bond: lost, inherited, inherited with unreported interest, found, or held in Treasury records. Table 4 gives the rule for each.
Table 4: Lost, found or inherited 1945 bonds
| Situation | Rule for a 1945 bond | Link |
|---|---|---|
| Lost, stolen or destroyed | Claim on FS Form 1048 (Revised March 2026). Claims 6 years or more after final maturity need the serial number (31 CFR 315.29(c)); for 1945 bonds that is December 1991 at the latest (our calculation). Treasury Hunt has been unavailable since September 30, 2025. | FS Form 1048 claim for lost, stolen or destroyed savings bonds |
| Owner has died | The surviving "OR" co-owner or the P.O.D. (payable-on-death) beneficiary takes the bond, otherwise the estate (31 CFR 315.70). | savings bonds after death |
| Inherited, interest never reported | Interest earned before death is income in respect of a decedent unless reported on the owner's final return (IRS Publication 550). | taxes on inherited savings bonds |
| Found among papers | The value comes from Table 1. Check the owner name, co-owner and beneficiary before cashing. | found old savings bonds |
| Held in Treasury records, not in hand | A bond over 3 years past final maturity may be shared with a State that has an information-sharing agreement (31 U.S.C. 3105(f)); none is publicly known as of November 11, 2026 (89 FR 102735, December 18, 2024). | unclaimed savings bonds |
Other War Years and Face Values
Other war years and face values are listed below. A December 1944 bond is worth $110.47 per $25 in November 2026, a January 1946 bond $117.28.
- 1941 Series E savings bond value (May to December)
- 1942 Series E savings bond value
- 1943 Series E savings bond value
- 1944 Series E savings bond value
- 1946 Series E savings bond value
- $10 savings bond worth (Series E, 1944 to 1950)
- $25 savings bond worth
- $50 savings bond worth
- $100 savings bond worth
- $200 savings bond worth
- $500 savings bond worth
- $1,000 savings bond worth
1945 Savings Bond FAQ
How much is a $25 war bond from 1945 worth today?
A $25 war bond from 1945 is worth $110.47 to $117.28 in November 2026, final values; it cost $18.75.
How much is a $200 savings bond from 1945 worth?
A $200 Series E bond issued in 1945 is worth $906.64 (October), $915.44 (November) or $938.24 (December) in November 2026, it cost $150.
Do savings bonds from 1945 expire?
No: a 1945 savings bond does not expire and can be cashed at any time (31 CFR 315.35(c); EO 13968, 85 FR 83745); it has earned nothing since 1985.
Are war bonds from 1945 worth anything?
Yes: a 1945 war bond is worth $110.47 to $117.28 per $25 of face value in November 2026, about 6 times its price. See every WWII war bond year.
How much is a $1,000 war bond from 1945 worth?
A $1,000 war bond from 1945 is worth $4,418.80 to $4,691.20 in November 2026, final values; it cost $750.
Is a 1945 war bond worth more to a collector?
Treasury pays a 1945 war bond's redemption value, $110.47 to $117.28 per $25 in November 2026, and no collector premium. Treasury pays only the registered owner or a person entitled (31 CFR 315.39(b)); bonds are not transferable (31 CFR 315.15).
Has the value of a 1945 bond changed since 2022?
No: a 1945 bond's value is the same in November 2026 as in 2022, because interest stopped in 1985; the files show one value from May 1992 to May 2027.
Claiming from Treasury and from state programs costs nothing, and the forms are free. Found bonds you cannot cash, or a relative's bonds? ClaimMyBonds is a private company, not the government; we can help with the paperwork, tracing and follow-up.