Question about Savings Bond

[JohnCU]

I got a $100 savings bond for graduation. I looked up some information about it, and I can get it cashed after 6 months. Now, on the savings bond, it says issue date, and above that it has the month and year (05-2002). Below that, however, is a stamp that says 05-21-2002. So, does that mean I can cash it anytime in November, or do I have to wait until November 21?

I'm only gonna get $50, but even after 30 years this thing won't be worth much at all. I'm a college student and $50 would come in handy.

 

[pecel]

Hope this will help u

 

[JohnCU]

Okay, the information on the website said the redemption value was $50.48 for the $100 bond. I go to the bank and I get $102.20 cash. What the crap?

 

[FoBoT]

they sell for half the face value

the face value used to be the value it would have at maturity, with the variable rate scheme they use now, its a bit misleading

your $100 savings bond if cashed after 6 months is worth $50.48 as you said

 

[JohnCU]

so how the hell do I have $102.20?

 

[JohnCU]

Very curious about this...

 

[Soccer55]

Savings Bond Calculator

-Tom