My girlfriend and I found this bond in her nightstand today. It was purchased 05/2000. I've been reading up on bonds on the US tresury website, but I just want to know when it will be worth the full $50. It says it is worth 30some now, but we want to know when we can cash it for the full price.
2006-11-19 07:02:16 · 3 answers · asked by dani_kin 6 in Business & Finance ➔ Personal Finance
20 years, so 5/2020. The bond is earning 3.5% interest. It can be cashed at any time without penalty, meaning you won't lose the interest you've already earned.
2006-11-19 08:20:51 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
You will be cashing it in for the full VALUE, not the full price. It probably only cost $25. The previous answerer was correct, it's currently worth about $30. That's about three months average internet service. Why are you so eager to cash it?
2006-11-19 17:43:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
EE savings bonds are bought at 50% of their face value (i.e.: you pay $25 for a $50 bond).
You can take them to your local bank and cash them in for current value. They are earnly a paltry 3.5% and I'd cash them in so that I could do something more productive with that money (pay debts, invest, etc.).
2006-11-20 09:54:55 · answer #3 · answered by derek 4 · 0⤊ 0⤋