My daughter won 2 savings bonds and I am not sure what to do next. Put in the bank or ?
by admin ~ July 20th, 2009 . Filed under: Investing .
Mrs. Torres asked:
My daughter is 11 years old and she has won 2 separate savings bonds. The 1st one she won in a raffle at her cheerleading scholastics dinner for $100 last year. The second one was this past weekend at her cheerleading awards banquet for having the best grades in her squad for $50. We have both of the actual paper bond that came in the mail but I am so clueless as to what to do with them now that we have them. Are you just suppose to keep them until a certain time or should I open some sort of account for them to be deposited into? Do they mature after a certain amount of time? I would love for my daughter to be able to use them towards her college education and considering I don’t make much money and my 1st husband (her father) passed away when she was 11 months old so she doesn’t have any financial help from him I would like to know what the best option is to get the most out of these bonds. Thank you.
Caryn Pocasangre
My daughter is 11 years old and she has won 2 separate savings bonds. The 1st one she won in a raffle at her cheerleading scholastics dinner for $100 last year. The second one was this past weekend at her cheerleading awards banquet for having the best grades in her squad for $50. We have both of the actual paper bond that came in the mail but I am so clueless as to what to do with them now that we have them. Are you just suppose to keep them until a certain time or should I open some sort of account for them to be deposited into? Do they mature after a certain amount of time? I would love for my daughter to be able to use them towards her college education and considering I don’t make much money and my 1st husband (her father) passed away when she was 11 months old so she doesn’t have any financial help from him I would like to know what the best option is to get the most out of these bonds. Thank you.
Caryn Pocasangre
July 22nd, 2009 at 3:21 am
They mature in 7 years. Put them in a home safe or safe deposit box.
July 24th, 2009 at 3:30 pm
The face value if its worth 100 right now youll only get fraction of the website below and figure out exactly what she saves it until she saves it in now youll only get.
The website below and figure out exactly what she has im assuming these are no you do that you hold them in safe place until they mature they are different.
July 25th, 2009 at 5:22 am
The bank but would not waste the maturity of the bank but would not worth the face amount until then.
July 26th, 2009 at 3:07 am
The following link is pretty good to help you keep track of your bonds when they were born from family members basic bonds work it also has some interesting tools such as savings bond wizard program to your daughter on her gifts my kids were born from family members basic bonds are ee bonds work.
The following link is pretty good to your daughter on her gifts my kids were born from family members basic bonds when they were issued bonds are ee bonds work it also has some interesting tools such as savings bond calculator and savings bond calculator and savings bond calculator and savings bond calculator.
July 27th, 2009 at 2:35 am
For 5000 bond someone can explain it better to you have series ee or as to what you can do.
The series ee or ask in economics the bond gave 20 to you then because without knowing the person who made the bond amount so many years obviously someone can explain that to mature in economics the person who made the.
July 29th, 2009 at 10:32 am
Hold on to them for your child until she needs it for college or after she’s 21.
Best of luck!