what do i do with a U.S. Savings Bond?

[mrchan]

I got a U.S. Savings Bond, can I just cash it like a check? How do I get my money?

 

[ElFenix]

save it...

 

[ThaGrandCow]

Bonds have to mature. It should say on it somewhere how long you have to wait for it to be worth that ammount. I think sometimes you can cash them early, but you'll only get like half the money.

 

[alankool]

Yeah i got one of those altho it matures in 30 years :frown: It should say how long it will take to stop gaining interest then you cash it. Or you can cash it now but you wont get as much money. Edit: yeah the post above is like exactly the same. weird.

 

[machintos]

just save it...
they're not gonna default since they are backed by the government

or you can just send it to me. I'll take them

 

[AnimeKnight]

Originally posted by: alankool
Yeah i got one of those altho it matures in 30 years :frown: It should say how long it will take to stop gaining interest then you cash it. Or you can cash it now but you wont get as much money. Edit: yeah the post above is like exactly the same. weird.

pretty much what he said... then go to your bank and cash them

 

[brtspears2]

Its definatly a wuss bet when it comes to saving for the future.

 

[Spoooon]

Originally posted by: alankool
Yeah i got one of those altho it matures in 30 years :frown: It should say how long it will take to stop gaining interest then you cash it. Or you can cash it now but you wont get as much money. Edit: yeah the post above is like exactly the same. weird.

Yeah, that's weird. TheGrandCow's version is cleaner and more intelligent. Yours is the whiny "I want my money now!" version. jk

 

[mrchan]

its only a $50 savings bond, that is $50 in 30 years.... so if I were to cash it now, how much would it be worth?

 

[minendo]

Originally posted by: mrchan
its only a $50 savings bond, that is $50 in 30 years.... so if I were to cash it now, how much would it be worth?

http://www.publicdebt.treas.gov/sav/savcalc.htm

You do not need to include a serial number. Just the issue date is enough.

 

[mrchan]

ok it says value $25 for it also says Not Eligible for payment.... so.... nothing I can do with it?

 

[mrchan]

oops, double post.

 

[GermyBoy]

Originally posted by: mrchan
I got a U.S. Savings Bond, can I just cash it like a check? How do I get my money?

You save it to maturity. Then you take it to a bank. Then you wait until the next year, and you pay taxes on it. SUCKS.