Rates on I bonds

Not much more than $2,000.

The I-Bond rate in 2008 was as low as 0%, and the current I-Bond rate is 0.30%. So your $2,000 I-Bond from 2008 is probably worth around $2,000 x .30% = $2,006, give or take a few dollars (or pennies).

With inflation at approximately zero or less, I-Bonds are not a good investment because they will pay hardly anything. You'd probably get a better rate from a savings account at your local bank.

Due to the present economic recession I bonds purchased in 2008 will not be worth much more than you paid for them. Using the treasury online bond calculator I calculated your $2000 I series bond purchased in September 2008 to be worth around £2090 at maturity in 2038. Currently interest rates on I bonds are extremely low, and before your bond matures there is a good chance the interest rate will increase and therefore your bond will be worth more.

If you wish to calculate the value of your I series bond in the future you can visit the bond calculator below to work out the paper value of your bond.

http://www.treasurydirect.gov/BC/SBCPrice

This answer was edited by LauraT2009 17 days ago.

Reason: spelling correction