need help figuring out my savings bond info from 1999.?

Question

I am 21 now & my parents recenlty found a savings bond of mine that was issued in 1999 when i had graduated middle school. The savings bond is for 1,000.00 dollars. I am so confused about this savings bond stuff. I am looking to cash the bond and use it towards helping pay off some of my college classes but not sure of the amount I would get for it. If I cash it, will I actually get the 1,000.00 dollars or will it be more than that or less than that? I know the person who gave it to me only paid $500 for it so i was wondering if it is matured enough to actually cash and get the full one thousand that it says on the bond???

please someone help me figure this out, im not too knowledgable when it comes to finanicial stuff.

I appreciate it:)

Answer 1

The exact value of your bond depends on what month it was issued in 1999. But, for example, a $1,000 EE bond issued in June 1999 is currently worth $660.80.

The bond will pay interest for 30 years from its issue date, but there's no reason you have to hold it that long. You can cash it whenever you need the money.

In most states, most banks will redeem it for you if you have an account there.

Answer 2

You can cash it anytime. It was originally worth $500 in 1999, and you are now 7 years in to a 30 year bond. So it's probably worth around $600 I would say.

Answer 3

Depends on the bonds maturity date. Some bonds are as little as 7 years. A bank can tell you.

Answer 4

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