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Nik09
LIF Adult
Member since 5/05 1982 total posts
Name:
Nikole
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Savings Bonds
I got a bond in the mail for $100, now I'm trying to figure out - does that $100 double when it matures (to $200) or is the $100 what it will be worth when it matures?
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Posted 11/15/05 4:06 PM  |
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pkashansky
LIF Infant
Member since 10/05 165 total posts
Name:
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Re: Savings Bonds
I totally think I am right but If I am wrong I apologize....if its a 100 dollars...the buyer bought it for 50 and it will mature to 100. I believe it matures after 7 yrs. not positive.
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| Posted 11/15/05 7:27 PM |
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Re: Savings Bonds
Its total upon maturation is 100 dollars.
(The buyer pays the smaller half) 
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| Posted 11/15/05 7:52 PM |
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beena
Sitting on a tree bench!
Member since 5/05 2429 total posts
Name:
Gina
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Re: Savings Bonds
my DH found one of his from 1974 (birth gift) and just cashed it in over 30 years later
it was a 50 bond (paid 25) and with its maturity he got over 120 for it! 
but in general it costs half of the face value and worth the face value when matures.
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| Posted 11/15/05 11:00 PM |
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Nik09
LIF Adult
Member since 5/05 1982 total posts
Name:
Nikole
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Re: Savings Bonds
Thanks! I was so confused
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| Posted 11/16/05 12:00 AM |
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pkashansky
LIF Infant
Member since 10/05 165 total posts
Name:
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Re: Savings Bonds
Posted by beena
my DH found one of his from 1974 (birth gift) and just cashed it in over 30 years later
it was a 50 bond (paid 25) and with its maturity he got over 120 for it!
but in general it costs half of the face value and worth the face value when matures.
I believe after the 7 some odd years it increases with interest and that is why he got more money then expected.
Message edited 11/16/2005 10:09:54 AM.
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| Posted 11/16/05 10:09 AM |
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JavaJunkie
Someday, Somehow
Member since 6/05 5857 total posts
Name:
Lois
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Re: Savings Bonds
it depends on what series bond it is. for example, an EE bond (most common) the buyer pays $25 for a $50 bond, when the bond is matured it is worth the full $50. if you have an I bond you pay $50 for a $50 bond and the bond starts to gain interest the day it's bought. i buy everyone I bonds
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| Posted 11/16/05 10:51 AM |
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JennChris
life moves fast
Member since 5/05 4225 total posts
Name:
Jenn
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Re: Savings Bonds
If you want to download this it'll tell you all the info....I keep track of all the kids savings bonds in this program..
Savings Bond Wizard
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| Posted 11/16/05 1:49 PM |
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