I found that an old company that my mom used to work for gave me a savings bond when I was born. I recently found that savings bond today. It's worth about $125. If I deposit it at the credit union, will they take it at how much it's worth or the face value (it has $50 printed on it)?
Thanks!
2007-11-28 07:46:16 · 2 answers · asked by chrstnwrtr 7 in Business & Finance ➔ Other - Business & Finance
They will either cash it for it's current value, or send it to the Federal Reserve Bank, which will send you a check for it's current value.
Not all banks are Issuing & Paying Agents for these bonds. But, either way, you will receive the value that has accrued through additional interest earned since it's origional maturity.
2007-11-28 09:05:56 · answer #1 · answered by john m 3 · 2⤊ 0⤋
yes, they'll depost it for $125
2007-11-28 07:50:07 · answer #2 · answered by Dippin Dots of East Lansing 2 · 1⤊ 0⤋