Current Redemption Value (CRV)
What Is Current Redemption Value (CRV)?
Current redemption value (CRV) is the amount an investor would receive if a bond, savings bond, or similar financial instrument were redeemed at the present time. It represents the current payout value based on accrued interest and the bond’s redemption schedule.
CRV may change over time as interest accumulates.
Why It Matters
Knowing the current redemption value helps investors understand the present worth of a bond or savings instrument if they choose to redeem it before maturity.
CRV is particularly relevant for certain government savings bonds and other redeemable securities.
How Current Redemption Value Works
CRV typically reflects:
- the bond’s original principal amount
- interest that has accumulated since issuance
- any applicable redemption rules or schedules
Financial institutions or government agencies usually provide CRV tables or calculators to help investors determine the value.
Example
An investor holds a savings bond purchased several years ago. By checking its current redemption value, the investor can determine how much they would receive if they redeemed the bond today.
CRV vs Face Value
- Current redemption value reflects the bond’s current payout amount.
- Face value represents the original principal value of the bond.
FAQs About Current Redemption Value
Does CRV always increase over time?
Generally yes, as interest accumulates.
Can CRV be less than face value?
In some early redemption situations, penalties may apply.
Where can investors find CRV information?
Through bond issuers, financial institutions, or government resources.
Related Terms
