View Full Version : Savings Bonds


CAmom4721
07-30-2008, 01:24 AM
Does anyone know anything about savings bonds? My grandparents bought me one when I was pretty young, I think it was for $50. My mom still has it and just came across it, is it worth more now? How do I go about cashing it in?

Shaky
07-30-2008, 01:52 AM
Usually the bonds will come to full maturity at 30yrs. It depends what type of bond it is. So 1st check when the bonds were purchased. You could cash them at your bank.

JKirstiH
07-30-2008, 01:54 AM
Usually the bonds will come to full maturity at 30yrs. It depends what type of bond it is. So 1st check when the bonds were purchased. You could cash them at your bank.

ITA
Also depends on what kind of bonds. There are different types and you can claim them differently if they are used for education, a house and some other things:)

guynavywife
07-30-2008, 02:00 AM
Once a bond "matures" it never increases in value beyond its face plus the interest earned over the course of its life until maturity. The percent of interest is usually fixed at purchase.
http://invest-faq.com/cbc/bonds-us-savings.html

aim_snap_fall
07-30-2008, 02:02 AM
Does anyone know anything about savings bonds? My grandparents bought me one when I was pretty young, I think it was for $50. My mom still has it and just came across it, is it worth more now? How do I go about cashing it in?

you can try this site, it's a calculator and it'll tell you how much they're worth...:)

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