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how long should i let a saving bonds mature before i cash it in?

2007-09-18 04:22:50 · 4 answers · asked by Anonymous in Business & Finance Investing

government savings bond I

2007-09-18 04:34:55 · update #1

4 answers

Series I bonds are unique. The older ones are more valuable held than sold. This is because they get about 3.5% above the inflation rate. That is an excellent return for an investment which has no risk and for which you can exclude taxes. So the answer is, unless you have a good stock market investment with really good returns, keep it there, depending on the issue date. The original ones are really very very good investments, compared to anything. As an economist, I wish I held some, because they can be used tax free for college, they earn a good return, above market at this point, and they are perfectly safe.

2007-09-18 15:18:47 · answer #1 · answered by OPM 7 · 0 0

Hold them at least 5 years or there is a 3 month interest penalty.
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2007-09-18 04:31:37 · answer #2 · answered by Barkley Hound 7 · 0 0

You don't say what country you are in. If you're in a country where the money is increasing in value like Canada then leave them to mature. If you're in a country whose money is losing value like the US, sell them fast and invest in Canadian dollars or Euros.

2007-09-18 04:44:43 · answer #3 · answered by i_am_the_fig 3 · 0 1

You don't indicate what type of bonds they are but here is the link that will tell you what you need to know.
http://www.treasurydirect.gov/indiv/research/articles/res_invest_articles_mud_0105.htm

2007-09-18 04:32:17 · answer #4 · answered by SGT V 6 · 0 0

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