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The saving bond is being purchased for a child. If it matures in say, 7 years, do you just cash it in and buy another one or does it continue to accrue interest until she needs it for school?

2006-12-11 14:04:55 · 2 answers · asked by kathyw0728 2 in Business & Finance Personal Finance

2 answers

go to the us treasury web site and read up on sav. bonds. it explains everything

2006-12-11 15:27:53 · answer #1 · answered by keepingitgoing 2 · 0 0

It still continues to accure interest up to 30 years after the month that it is bought. So if you buy a bond by the December 31, 2006, it will accure interest until December 2036. Once it matures, it does not grow as fast. Also the saving bonds just keep up with general inflation and not with tution inflation.

2016-05-23 07:28:55 · answer #2 · answered by Kimberly 4 · 0 0

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