what can i do with it?
2007-05-03 11:58:02 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
A Savings bond is an investment tool. It is most likely a Series EE bond and can earn interest for upto 30 years. You may cash it any time after the first year I think. Paper bonds are issued at half price...
It's a (currently) so-so savings interest rate. But since you can get paper bonds for half price it's a matchng program. Lock it away and give it to your children....
The Series EE bonds, like many government issued securities are a way you can invest in the U.S. Government. The money goes to the gov, and in the future they promise to repay your loan with interest.
2007-05-03 12:16:16 · answer #1 · answered by Clif S 3 · 0⤊ 0⤋
A Savings Bond is a Government Issued certificate (that you can buy at your Bank) that gathers Interest over time- until it hits face value (in any where from 10 to 15 years). It's like a "mini'savings account" that will grow all by itself. Lots of people give them as gifts to young people- so they can "cash them in" when they become adults. So put it in the SAFEST place that you will REMEMBER (cuz you're gonna have it a LONG time)...- and Congratulations!!! :)
2007-05-03 12:14:04 · answer #2 · answered by Joseph, II 7 · 0⤊ 0⤋
go to your bank/credit union and they will give you a time line on how long it will be till it is fully matured.
Basically it is like money for the future. you pay 25 dollars and get a peice of paper that says 50. after a couple of years it will gain money and get to the 50 dollar value and maybe even higher.
Good luck
2007-05-03 12:06:03 · answer #3 · answered by traceya87 3 · 0⤊ 0⤋
Save it for 3 years then cash it at the bank
2007-05-03 12:01:54 · answer #4 · answered by bbj1776 5 · 0⤊ 0⤋