Hey, I'm 19 years old and I finally want to get my saving bonds and cash them but my grandpa has them. And I have no idea what his phone number is (he wouldn't give them to me anyways) but I do know they are in my name. But how does one get his/her saving bonds if I live like 200 miles away from him? And what are the processes I need to go through to get them?
2007-11-19 09:29:26 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
And if you have a grandpa that doesn't want you to have them, can I call the police and get them that way? lol
2007-11-19 09:30:03 · update #1
thats wrong, because I just got done talking to a bank and they said I am of age to take them out
2007-11-19 09:43:25 · update #2
well god I hope he dies soon so I can get that money...
2007-11-19 10:11:30 · update #3
haha, yeah I am! I need the money for a little plastic surgery
2007-11-19 10:33:19 · update #4
as usual steve has the right answer so i wil give him a thumbs up!!!!
2007-11-23 06:39:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Savings bonds are issued at 1/2 of their face value and the maturity is determined by the interest rate it pays. For example, a $100 bond that pays 5% interest costs $50 and will mature at $100 in about 15 1/2 years, but if you were to earn 10% then it would mature in about 8 years. If you take the bond into a bank, they can help you determine the current value, and the maturity date. You can cash them in early, but could be penalized.
2016-05-24 05:55:52 · answer #2 · answered by ? 3 · 0⤊ 0⤋
well you are going to have to see if maybe your mom and Dad or if you Grandma is living if they will get them for you.If They say upon death you have to have your Grandfathers signature on the back,If they are just in your name you take them to the bank and sign the back and they will tell you how much each of them are worth and give you the Money.When My Son turned 18 we cashed his in and gave him the money.We found out it was better to Cash them all in and open a Cd for our 2 kids and they will make more money from there Cd's.Good Luck.
2007-11-19 09:49:37 · answer #3 · answered by Dew 7 · 0⤊ 0⤋
I suspect the reason he doesn't want you to have them is he knows you, and knows you will not use the money responsibly.There are ways for you to find out exactly what there is, which I won't detail, but I'm pretty sure there's nothing you can do about it until you turn 21.
2007-11-19 09:40:19 · answer #4 · answered by curtisports2 7 · 0⤊ 0⤋
Gee, you sound like a real nice guy. And you don't even know your own grandpa's phone number, and make comments like you made in your question and additional info? I'd guess about now he's regretting he ever bought them for you.
If they are in joint names, yours and his which used to be pretty common, then he can cash them and you'll be out of luck.
2007-11-19 11:16:35 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
If they are actually in your name, which I am not convinced they are, go to the Treasury Departments web-page for instructions on replacing lost bonds. If, as I suspect, they are actually in your grandfathers name, the bonds are not yours.
2007-11-19 09:53:35 · answer #6 · answered by STEVEN F 7 · 1⤊ 0⤋
Greedy little b***tard aren't you?
2007-11-19 10:21:29 · answer #7 · answered by Anonymous · 1⤊ 0⤋