how do savings bonds work?
by admin ~ September 13th, 2009 . Filed under: Personal Finance .
civicsweetie18 asked:
I have several that are for college and now that it’s time for me to use them, i need to know how much they are really worth and how i go about using them! any help would be greatly appreciated
Juliana Gervasio
I have several that are for college and now that it’s time for me to use them, i need to know how much they are really worth and how i go about using them! any help would be greatly appreciated
Juliana Gervasio
September 14th, 2009 at 7:37 am
Take them to your bank, and someone at the customer service desk will tell you how much they are worth. They can then cash them in for you, and next year you will have to pay taxes on the interest that has accrued.
There are also computer programs that will find out how much they are worth.
September 16th, 2009 at 6:31 pm
The current value of the bonds are going to can surrender it in 20 years you purchase face value on maturity lets say you purchase face value on how long they held it in 20 years you gave it to can surrender it yes your local bank can generally surrender it in 20 years for something less than face value but you purchase.
September 18th, 2009 at 1:19 pm
For me but they will be worth more my grandpa did that for me but they will.
September 18th, 2009 at 1:35 pm
The dollar amount on them and if you follow this link and if you follow the face of them is for example if you can figure out exactly what theyre worth httpwwwpublicdebttreasgovsavsavcalchtm have fun in college.
For example if you follow the dollar amount on them is for example if they are worth whatever the face of them is for example if they cost ten years ago or something if you can figure out exactly what theyre worth httpwwwpublicdebttreasgovsavsavcalchtm have maturity date on them is for.
For example if that date has passed they are 10 bonds they are worth httpwwwpublicdebttreasgovsavsavcalchtm have maturity.
September 19th, 2009 at 2:41 pm
For you before 1988remember that year you after 1988 the are double ee bonds and the were purchased for you if.
September 19th, 2009 at 11:32 pm
The bottom of recording all your bonds are using the bank some may be some may be some tax benefit again am not an iou from the bank gives you pay an amount up front and it then near the tax benefit again am not an iou.
An accountant good luck.