One a savings bond....if 50 is on the tops of it...is that how much it is worth?
2006-06-15 07:26:03 · 8 answers · asked by GB 1 in Politics & Government ➔ Government
At purchase, $25.00; at maturity, $50.00-anytime in-between, variable between those two figures.
2006-06-15 07:30:19 · answer #1 · answered by freebirdangel1988 2 · 0⤊ 0⤋
Yes, and no. Savings bonds are purchased at half the face value of the bond (ex. $50 bond = purchased for $25). Then you hold the bonds somewhere in a safe place (a time capsule maybe, lol), or in your bank safety deposit box. Then after the specified time has been reached for the bond to gain maturity, it is then worth the face value.
I personally view savings bonds as a 'teach your teen-ager the value of savings' method of investing. I mean, if you have $25 laying around and won't miss if it were gone, throw it into a $50 bond; And 3,4,5 (how ever many years it is) years later you have yourself a nice crisp $50.
Don't get me wrong though, they are a great idea for someone around their mid-teens to save for college. You know, start working around that time and throw half or 1/4 of your paycheck into bonds every pay day for a year and by the time you get to college you double your money to help pay for school.
2006-06-15 14:42:53 · answer #2 · answered by Johnny5 2 · 0⤊ 0⤋
At the moment of purchace, the bond is worth 1/2 of the face value. To determine how long it is going to be until it reaches mnaturity, and is worth the face value (in this case, $50) take the current rate of return, which you can find out from the bank, and divide that into 72. The answer is the number of years it will take for the bond to reach maturity.
2006-06-15 14:30:31 · answer #3 · answered by Bradly S 5 · 0⤊ 0⤋
I work in a Savings Bond Department at a financial Institution. You pay $25.00 dollars for a $50.00 bond series EE. Depending on when it was purchased it could be worth $25.00 to way over $50.00. You can call the Federal Reserve Bank closest to you to get the actual value. Fed of Minneapolis is 1-800-553-2663. The Fed of Pittsburgh is 1-800-245-2804.
2006-06-21 20:30:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
usually these bonds are bought for half value. So if it says $50, it was bought for $25 and will be worth at least fifth 10 years from purchase.
2006-06-15 14:30:56 · answer #5 · answered by 1opinion 2 · 0⤊ 0⤋
Only when it reaches it's maturity date. You should be able to call your bank and ask them to look up the current value.
2006-06-15 14:30:10 · answer #6 · answered by gentle giant 5 · 0⤊ 0⤋
who knows?
2006-06-15 14:30:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋
depends on how old it is.
2006-06-15 14:29:04 · answer #8 · answered by Stacy R 6 · 0⤊ 0⤋