2007-02-11 02:31:46 · 7 answers · asked by Laura A 1 in Business & Finance ➔ Investing
You can cash in a savings bond one year after the issue date. If you have a EE bond, it is guaranteed to reach face value by the 18th year. The I bond is purchased for face value. So after a year, the I bond pays face value plus interest. The I bond and the EE bonds earn interest for up to 30 years. At the 30 year mark, they will no longer collect interest, essentially reaching their full maturity.
2007-02-11 02:46:47 · answer #1 · answered by sunshynesuga 2 · 0⤊ 0⤋
You can cash in a savings bond before maturity,but there is a substantial loss in the amount that it will be worth
2007-02-11 02:37:34 · answer #2 · answered by CONCERNED21 1 · 0⤊ 0⤋
you can. you can actually enter the serial numbers in a website and find out exactly how much they would cash in for. most won't mature for 20-30 years from their issue date but that doesn't mean they won't be worth more than their value before then.
2007-02-11 02:40:35 · answer #3 · answered by somebody's a mom!! 7 · 0⤊ 0⤋
If you've held them less than 5 years, you'll pay a penalty of 3 month's interest (not 6). If you've held them longer than 5 years, there is no penalty for cashing them in.
2007-02-11 02:47:28 · answer #4 · answered by LongArm 3 · 0⤊ 0⤋
you can cash them in any time. There will be a penalty involved if you cash them in before a certain period of time, which I do not recall. You can go out to the government treasury site and read up on all the pertinent details.
http://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds.htm
2007-02-11 02:48:01 · answer #5 · answered by Italian girl 4 · 0⤊ 0⤋
Yes but you will be penalized by not receiving the interest of the previous 6 months or something like that.
2007-02-11 02:38:23 · answer #6 · answered by quillologist 5 · 0⤊ 0⤋
yes
2007-02-11 04:09:42 · answer #7 · answered by - 5 · 0⤊ 0⤋