I just found out that I have a $100.00 series E E bond?

Question

I purchased it in april of 1995.On the certificate it said it will collect interest for 30 yrs. What happens if I cash it in now ?

Answer 1

The ee bond, face value $100, was purchased for $50. The value today is $81.76. It will continue to earn interest for about 18 more years if you save it.

Answer 2

You can cash it in typically as early as 6 months after initial issue date....you can find the current value as well as the current rate you're earning on your individual bond at treasurydirect.gov....You should be able to redeem the bond at your local bank. Note: you'll have to pay tax on the interest earned (assuming you have enough income this year to have a tax liability) so unless you have a need for the funds or have an alternative investment opportunity with a greater expected return I would suggest not liquidating it.

Answer 3

i had one of those i got it from when i was born(20 yrs ago)
it was for 50$
when i cashed it after 20 yrs it was worth 68$
so it earned 18 dollars on it. so i would wait on that one as it probably hasn't matured yet.

Answer 4

http://www.treasurydirect.gov/indiv/tools/tools_savingsbondcalc.htm#Worth