When do savings bonds mature?
by admin ~ July 2nd, 2008 . Filed under: Personal Finance .
Stepfanie D asked:
I recently recieved a $100 patriot bond as a gift. I was wondering if anyone knew how long they take to mature.
Jennifer Higa
I recently recieved a $100 patriot bond as a gift. I was wondering if anyone knew how long they take to mature.
Jennifer Higa
July 5th, 2008 at 9:29 am
the bond certificate should have the date of maturity on it.
July 6th, 2008 at 4:25 pm
They take 17 years to “mature”.
They are purchased for 1/2 the face value - in other words it is worth $50.00
You can cash it in early but if you do cash it before five (5) years you have to pay a penalty.
The bond will not have the maturity date on it - you have to look it up on-line
July 9th, 2008 at 9:05 am
Paper EE bonds are sold at a 50 percent discount to their face value (from $50 to $10,000), and are guaranteed to be worth at least face value at “original maturity”, which varies from 8 years to (presently) 20 years depending on issue date
July 11th, 2008 at 6:41 pm
It takes 6 months before the bond can be cashed. It will not mature for 20 years and it earns interest for 30 years.
July 13th, 2008 at 10:54 am
The Patriot bond is an EE bond. You can cash it in after a year, but you pay a penalty of three months interest. You can cash it without penalty after five years. After 30 years it stops earning interest.