Savings Bonds-US Savings Bonds

Helpmenow N asked:


okay, this is not a homework question if you are wondering. it could be though, if my math teacher was hard enough. haha

Say every month I have $100 to use to buy savings bonds where after 10 years, it turns out to be $200. I buy these for 30 years (still $100 a month).

After they mature fully (so the first bond, ten years later, is $200), I use that accumulated money to buy a bond that will mature to $400. I keep doing this for the 30 years, and after that, I just start keeping the money.

How much money does this come out to?

Rocky Yunes

Robert H asked:


My parent harassed my about getting of of there house. I’d recently Found out that If you are the NAMED co-owner of U.S. Savings Bonds. You can use them with no problems whatsoever and without the owner’s permission. After I leave and cash some in for living money. I notice A Private Investigator in the Neighborhood I’m staying in and is Harassing my Neighbors with questions about me. After that He starts sending me E-Mails telling me that I have “F***ed up and should of did that” and that he’s gonna post the Bonds as stolen with the Treasury, asking for them to be re-issued to him. Then he tells me that He’s gonna have me arrested for taking and using the bonds. Is there any loopholes that he could have me arrested on it for? and if not, Could I take action against him for harassing me and theating me with Arrest? I’ve asked a lawyer and they’ve told me that he can’t press charges on somthing like ths, but I’d like to double and triple check this Just incase.
Redeem Bonds
To redeem electronic bonds purchased in TreasuryDirect, log in and follow the on-screen directions. Your checking or savings account will be credited with the redemption amount within one business day of the redemption date.

You can cash your EE/E Bonds and Savings Notes at most local financial institutions. Treasury doesn’t maintain a listing of local banks that redeem bonds, so check with the banks in your area. When you present the bonds, you’ll be asked to establish your identity. You can do this by:

Being a customer with an active account open for at least 6 months at the financial institution that will be paying the bonds, or
Presenting documentary identification, such as a driver’s license.
If you’re not listed as the owner or co-owner on the bonds you’re redeeming, you’ll have to establish that you’re entitled to redeem the bonds. - Taken from Treasurydirect.gov
(http://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeredeem.htm)

Mohammad Montreuil

maguathehearteater asked:


Can I just cash them instantly? and if they are coming in the mail and they are registered and insured and I keep missing them? Will they be completely covered?

Sergio Kuamoo

Ronald asked:


I am 21 years old. My dad bought me savings bonds when I was little to use for college. They wont give it to me unless I sign a power of attorney. They are not trying to steal my money or anything like that–they just want to make sure that it is used for college. So LEGALLY am i allowed to just demand them. I would rather pay off some debt with it and start a savings for a car. 21 years old and not having a car is kinda hard. I’ve been riding the bus and bike all this time while living on my own and attending college. I am in the process of taking out loans for college. Please just answer if i am LEGALLY allowed to demand them? I do not want to take it to court ( no money to do so-plus they are my parents) … can I just file the savings bonds as “lost’ since my parents refuse to give them to me? Thanks.

Emanuel Ahlbrecht

Zwalk asked:


My grandparents sent me about 5 grand in savings bonds in my name and my dads. The first two were 500 each and were in both our names, so he couldve cashed them, but the rest were POD to me (that means if I die he gets them). I need them because Im going to college and I dont havea relationship with him anymore because hes abusive and an alcoholic/pill popper. How can I get them from him? I faxed him casually asking for them back, I havent seen him in 2 years, but my mom still had been in contact with him because of child support which he no longer pays for me. I need the bonds because my cars transmission just died and its not gonna be cheap, plus I have college coming up and I need the money basically. I just emailed him, how can I seize them legally? I thought of a subpoena, however I heard that just makes him have to pay what they are worth currently and I would rather let the ones that need to mature more, mature more lol.

How can I seize the bonds in my name?

Alline Maj

gooplic asked:


le again in 14 years do I need to take to bank or what should we do Do they keep maturing if we dont?

Thaddeus Manoi

Bearby asked:


Since our home is nearly paid for I am now considering things to do with the money we will be saving after total repayment of the current home mortgage .
Now my query is what amounts are savings bonds available in and when do they mature .
I know that they used to be available in $25.00 ( at maturity would be $50.00 ) because my parents paid for my college education with savings bonds .
I think this would be a good investment for our up comming retirement years altho I am still on the border line between savings bonds and certificates of deposit and need many details about them both .

Jc Sittner

Jaymi H asked:


When my mother was born, her cousin or something bought her a few savings bonds. My mother never knew about the bonds but my grandmother did. My mother passed away July 06 and her cousin(or whoever he was) is deceased aswell. So my grandmother is trying to get these savings bonds for my little brother and I to split but, the woman who was married to the man that got my mom these bonds is comming down with alzheimer’s disease so she doesn’t remember them. How can my grandmother or I go about obtaining these bonds from her or even finding out if there are even bonds out there in my moms name??

Rubin Fergerson

irvingfan asked:


I have two questions:

My husband has some savings bond. They were given to him by his parents (8 x 1k face value). They only have his name and his mothers name (now deceased) on them. If (God forbid) something happens to him, do they become part of his estate so I am entitled to them?

Second question: I have some bonds that MY parents bought for me. They have my mom’s name and my name and SSn on them. Do I need to change to married name? Is SSN enough to identify me. (I am assuming whatever answer above applies to my bonds for my husband also).

Thanks for your help. Please answer only if you know and don’t send me to any links, I’ve looked there and not satisfied with answer.

Lorenzo Fey

hlight0704 asked:


I wanted to invest in some savings bonds for my newborn daughter I was looking into the series EE bonds that sell at half their value and take 5 years to mature. I was wondering if it was a good financial investment for her. I want her to be able to have something when she gets older I was planning on buying a 50.00 savings bond a month which will amount to $10,800 I figured it would be good for her if she wanted to use to go to college or put a down payment on a car. So I just need people opinion on if they think this is the right thing or if theirs a better way to save money for her?
I took Kim’s advice and opened my daughter an Orange Savings Account through ING today I liked that thier was no minimum deposit required the interest is better than any local bank and its linked right to my checking account.

Sandy Contraras