Eugene Said:

What can i do with this gift certificate savings bond i have?

We Answered:

It says that the "savings bond will be forwarded to you" by the Federal Reserve Bank?

From the description you give it sounds like it is not an actual savings bond just a gift certificate announcing the purchase of a bond as a gift for you.

http://www.treasurydirect.gov/indiv/plan…

Darrell Said:

How do you get into your savings bond?

We Answered:

YOU don't have to do at THING with a Savings Bond. It collects interest all on it's own.

You don't have to put it in a bank or anything else.

When you want to CASH it in, just take it to the bank.

All depends on HOW LONG ago she purchased the bond will you know its maturity value.



Buying Paper EE Bonds

Sold at half their face value; i.e., you pay $25 for a $50 bond but it's not worth its face value until it has matured.
Purchase in denominations of $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000.
$30,000 maximum purchase in one calendar year.
Issued as paper bond certificates.
If you redeem EE/E Bonds in the first 5 years, you'll forfeit the 3 most-recent months' interest. If you redeem them after 5 years, you won't be penalized.

Micheal Said:

500 dollar savings bond that will grow the most?

We Answered:

Savings bond is a good way to save and it hedges against inflation if you buy the right one. I would avoid series EE for now and go with series I, or the commonly called I-bonds. I-bond yield increase when consumer price index (CPI) increases with inflation and interest is not paid out until you cash the bond, so there are no yearly tax implication. However currently I-bond yield is 0%, so I would not recommend purchase right now. Saving accounts also have very low yield.

An $500 I-bond that average 5% APR over its lifetime will become $2161 in 30 years. If the average rate is 3% APR it'll be $1214.

If you must start now, I would suggest 1 year Certificate of Deposits and have it automatically roll over to a new one on maturity. If you can wait, November 1 is when new I-bond yield rate comes out (they change every 6 month on 5/1 and 11/1), and if the rate looks favorable I'd go with that instead. Good luck and congratulations on your upcoming engagement!

Erin Said:

What is a savings bond? And what do I do with it?

We Answered:

You don't cash it for years. It's a savings bond -- it will be worth the face value of the bond on the maturity date shown on the bond. You put them away in a safe place (mine are in a safety deposit box) until it's time to cash them in.

Bonds are backed by the US Government. For example: You can buy a $50 savings bond for $25. So your Mom gave the government $25 and in x number of years, the government will give your daughter $50.

It appears that many of the people who answered before me have never bought bonds, or at least not recently. LOL

Bonds purchased since 2003 mature in TWENTY YEARS. So be prepared to hang onto that bond for a long time.

Morris Shanholtz said:

I purchased a I Bond with Express..is this going to pay me interest

Morris Shanholtz said:

On Express Purchase, do I get interest?