These are U.S. Series EE savings bonds, purchased from 6 to 18 months ago. I know nothing about how this works as I didn't purchase them myself; they were given to me by a relative who has passed on. Also, can they be cashed at my credit union or is there some particular place they have to be taken? I would certainly prefer to save them but am in dire financial straits right now and anything I can get would be helpful!
2007-01-30 06:11:41 · 3 answers · asked by YamiNoSensei 2 in Business & Finance ➔ Personal Finance
The ones that you can cash, you will get about $50 + a buck or 2 of interest. The EE bonds are bought at half of face ($100=$50 value).
The rest you will not be able to cash. You will not be able to cash in any bond less than 12 months old. That started about 6-7 years ago.
2007-01-30 06:26:45 · answer #1 · answered by ricks 5 · 0⤊ 0⤋
If the bond was purchased recently it only pays about 3%
Cash it in in 7b yaers and re invest the $100 into something higher paying
2007-01-30 06:15:54 · answer #2 · answered by god knows and sees else Yahoo 6 · 0⤊ 0⤋
You can cash them at the bank. They can tell you the interest you will get. They can also tell you if it is a good time to cash them in or if you should wait (depends on the amt of interest you will get).
The face value may actually be 1/2 of that. Again, the bank can tell you that.
2007-01-30 06:17:53 · answer #3 · answered by blt_4 5 · 0⤊ 0⤋