Anybody know anything about Savings Bonds?

[Jack The Riffer]

My father just sent me an email saying he was going through some of my mom's stuff and found a savings bond that my grandparents and uncle bought for me in 1977. Anybody know what it might be worth today? I have no specifics as to the type of savings bond it is as I haven't seen it yet.

[StukaJU87]

Depends on how much it was originally for I think.:think:

[Jack The Riffer]

It was for $25. looking at things online I think it's probably worth about $100.

[missionguitars1]

All the answers you need are right here: http://www.treasurydirect.gov/indiv/...es_e_bonds.htm

You can try to go to a local bank and cash it, but you will get a LOT of strange looks, and prepare to wait an hour IF they will do it for you...I would just go straight through the Treasury...

I traded govies and MBS for 10 years, I saw your question and it was just like old times again... I swear I used to answer this question 5-6 times a day!:ROTF:

[Axewielder]

All the answers you need are right here: http://www.treasurydirect.gov/indiv/...es_e_bonds.htm

You can try to go to a local bank and cash it, but you will get a LOT of strange looks, and prepare to wait an hour IF they will do it for you...I would just go straight through the Treasury...

I traded govies and MBS for 10 years, I saw your question and it was just like old times again... I swear I used to answer this question 5-6 times a day!:ROTF:

You are assuming it's a Treasury bond, no? Aren't there many different kinds, like those which are issued directly by banks?

[Jack The Riffer]

All the answers you need are right here: http://www.treasurydirect.gov/indiv/...es_e_bonds.htm

You can try to go to a local bank and cash it, but you will get a LOT of strange looks, and prepare to wait an hour IF they will do it for you...I would just go straight through the Treasury...

I traded govies and MBS for 10 years, I saw your question and it was just like old times again... I swear I used to answer this question 5-6 times a day!:ROTF:

My credit union redeems them.

[missionguitars1]

You are assuming it's a Treasury bond, no? Aren't there many different kinds, like those which are issued directly by banks?

EE Savings Bonds are indeed Treasury bonds, albeit retail, they serve the same purpose - financing the country's debt. They also come in the inflation-adjusted variety (Series I). You can get them in electronic now apparently, great idea...

I like them because the tax isn't payable until you redeem them - almost like an IRA - but you are limited to buying only $10K a year or so (?).

And Jack the Riffer, very cool that your CU will handle those for you, as they, in turn, need to take care of redeeming it themselves through the US Treasury.

[Mrs Tekky]

Many banks will redeem EE Savings Bonds because they also sell them. Always check with the banks on what and how they handle the bonds. The type of bond will definitely impact how much it's worth today - things to look at are the original amount and the maturity date - say it's a 30 year EE Saving Bond - purchased in 77 would have it reaching maturity in 07 - many of these once they reach maturity do not continue accruing interest.

The Treasury Direct website that missionguitars mentioned is a good place to start to get info on the bond.

[Jack The Riffer]

Redeemed the bond this morning. It reached Final Maturity last month. It ended up being almost $109. Only took me 10 minutes to redeem it. Thanks for the input everybody.