How long after I buy a savings bond do I have to wait to redeem it?
by admin ~ December 13th, 2009 . Filed under: Personal Finance .
Ashley C asked:
I have a few $100 savings bonds that I bought for $50 and I just wondered how long I have to wait until they are mature.
Glynis Eimers
I have a few $100 savings bonds that I bought for $50 and I just wondered how long I have to wait until they are mature.
Glynis Eimers
December 15th, 2009 at 1:07 pm
Bond have maturity date that can be from 6 months to 30years. Look at your bonds’ maturity date to know when you can redeem. Usually it’s the best idea to invest in bonds through mutual fund as you can take money out of funds anytime you want.
You can read more about investing at
December 17th, 2009 at 1:06 pm
There are all types of savings bonds with different rules. Are you talking US E/EE bonds?
Illinois College Savings Bonds are tax-exempt, zero-coupon bonds issued by the State of Illinois. These bonds are issued by the State to provide individual investors with a long-term investment to help fund college expenses. These bonds are structured as zero-coupon bonds and pay no interest until maturity.