Savings Bonds?

Question

yea i got tons of them but im not sure how they work.

they face value on all of them are $50 but im not sure if its worth face value until a certain time then goes up or if its worth less or what please help me cause i want to know if its 10 years and if its face value or what thanks!

Answer 1

It depends. Some series of savings bonds (Series I) are purchased at face value and continue to earn interest for 30 years (with the rate adjusted quarterly by the government). Other series (E, if I'm not mistaken) are purchased at half face value and earn interest for 30 years until they reach face value.

The best way to fiund out exactly what your bonds are worth is to use the handy bond calculator at this web site http://www.treasurydirect.gov/indiv/tools/tools_savingsbondcalc.htm

But my advice would be if they're not mature and you don't need the money, don't redeem them.

Answer 2

It Will very unusual that face value is $50.00 usually bonds have face value of $1000.00.

Simple bond is just like a Certificate of deposits but bonds can be sold before maturity. You buy the bond lets say 10% for 30 years. what that means is you get 10% interest every year for next 30 years and after that you get your money back.

now, lets say currant interest rates in market is 11% but bonds are 10% so, if you try to sale it, the buyer will give you less than face value same as contrary, if market interest rate is 9% you get more than face value because your bond will pay more than market.

Simple.....

Answer 3

It's not worth the face value until the time is up. However you can cash them for 'current' value at your local bank.

Answer 4

Call your local branch office of your bank or any bank and tell them the issuing date and year of each one and they can tell you if they have matured yet and the value of each. It used to be about 7 years but with the interest rates so low they are taking longer.

Answer 5

My dad thinks its 7 years to reach face value...You buy it for 1/2, then after those years it doubles, then continues to get interest.

Answer 6

Cash them in after 5 years---cash them in at a bank--you will need plenty of time in the bank----write for more info----you have plenty?--put them in a savings account or money market account-do not throw things away with President's faces----do not buy any more--I know a relative gave them to you---keep them in a fire proof safe at home-Write me when you have more questions!

Answer 7

Call the bank, and they can tell you. You can give them the info off of the bond and they can tell you to the dollar what you can get.

:)

Answer 8

Go to the site below or call your local bank.