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My mom found an old bond that my Granmother bought for me
Posted on 4/19/19 at 7:42 am
Posted on 4/19/19 at 7:42 am
My grandmother died about 10 years ago, but my mother was looking through some old things and she found a $10,000 EE savings bond from 1992. It’s made out to me. Grandma was from the depression and prone to saving things “under the mattress.”
I invest but I dont really know much about old school savings bonds. It’s getting a 4% rate of return. I’m considering leaving it until maturity. I assume my other option is to go to Chase and have them cash it for me???
I invest but I dont really know much about old school savings bonds. It’s getting a 4% rate of return. I’m considering leaving it until maturity. I assume my other option is to go to Chase and have them cash it for me???
This post was edited on 4/19/19 at 9:08 am
3
Posted on 4/19/19 at 7:52 am to mule74
At 4% I think I’d definitely keep it in the bond. When does it mature? 2024? 30 years?
Posted on 4/19/19 at 8:14 am to baldona
Idk anything about the subject...what happens when a bond matures?
Posted on 4/19/19 at 8:22 am to baldona
2022. That’s probably what I’ll do. I need to get it converted to electronic form. Literally, this piece of paper is the only record we have.
This post was edited on 4/19/19 at 9:08 am
Posted on 4/19/19 at 9:39 am to mule74
Treasury Direct website has lots of good info on bonds.
I still have some paper ones. I made copies that I keep at home, and the originals are in a safe deposit box at the bank.
Also have some I Bonds online only. The worry there is I'll die and no one will know about them. But I guess it won't be an issue for me; I'll be dead.
Bonus: No state income tax on the interest when you do cash them.
I still have some paper ones. I made copies that I keep at home, and the originals are in a safe deposit box at the bank.
Also have some I Bonds online only. The worry there is I'll die and no one will know about them. But I guess it won't be an issue for me; I'll be dead.
Bonus: No state income tax on the interest when you do cash them.
Posted on 4/19/19 at 9:43 am to WG_Dawg
quote:It grows pubic hair and its voice gets deeper.....
.what happens when a bond matures?
Posted on 4/19/19 at 9:46 am to mule74
When we were buying a house my wife’s parents then decided to tell us her grandparents had bought her savings bonds when she was a born and gave them to us. They were simple country folk from Church Point and died shortly after she was born, but the $5,000 or so we got from cashing them is still one of the coolest gifts she or I have ever received.
ETA: I think Treasury has a website you can enter the serial number and whatnot and find out the present day value.
ETA: I think Treasury has a website you can enter the serial number and whatnot and find out the present day value.
This post was edited on 4/19/19 at 11:10 pm
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