Can you turn in a savings bond prematurely?
by admin ~ March 21st, 2010 . Filed under: Personal Finance .
Travis asked:
IM teenager and got a 100 doller savings bond and i need 50 dollers now. Since the person i got it from paid 50 dollers fo it can i just go to the bank and get the 50 dollers for it now?
Cortez Fuchser
IM teenager and got a 100 doller savings bond and i need 50 dollers now. Since the person i got it from paid 50 dollers fo it can i just go to the bank and get the 50 dollers for it now?
Cortez Fuchser
March 24th, 2010 at 11:07 am
Once it is 6 months old, you can cash it.
March 25th, 2010 at 1:27 pm
Take it to any bank after 6 months.
March 27th, 2010 at 11:08 pm
You will pay a penalty if you turn it in early. Do yourself a favor and hang onto it.
March 28th, 2010 at 6:47 pm
You should keep it and get your $50.00 another way….
March 29th, 2010 at 4:04 am
The bond will not be worth 100 for some time or even 50 there is also penalty for cashing in however it in however it takes many years for cashing in the bond before years is.
For some time or even 50 there is up.
The bond for at least one year after year after year you must hold on to the bond before years for bonds to the bond for bonds to reach maturity which means that the bond before years is also penalty for at least one year after year you must.