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by Rinky Dinky Do on August 16th, 2009
This is how it goes. Savings bonds are purchased for half the face amount (in your case, the person who bought it paid $25 in 1996 but got a $50 bond). The trick is that you have to wait until that bond matures (20 years) for it to reach its full value. If you cash it now, you will only get $25 plus whatever interest has accrued. If you wait till 2016, you'll get the full $50, hardly a deal, I know.
by hunter1127 on August 16th, 2009
i think it only told me that it was worth about 40 something dollars..is that right?
by Anonymous T. Jackson on August 16th, 2009
Here ya go!
.
http://www.treasurydirect.gov/BC/SBCPrice
.
So how much is it worth????
by Anonymous T. Jackson on August 16th, 2009
I have one from my grandparents, now deceased, that is even older. I hate to cash it in because it has sentimental value - which is not too smart of me. Depending on the Series it may still be accruing interest or maybe not.
by FaceNthaBackground on August 16th, 2009
Go down to a bank and cash it. It is yours.
by anothergrl on August 16th, 2009
Im sure there is interest in there and if it was from 1996, you should have a couple hundred dollars.
What is the coupon rate for a bond?
by Answerbag Staff on July 15th, 2010
| 1 person likes this
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Do you pay state taxes on U.S. savings bond interest?
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by Donna_M317 on April 1st, 2011
| 1 person likes this
You're reading I just found a U.S. savings bond that i was given as a kid (in 1996). What is it it, what can I do with it (if anything), and how can it be used now? It is a $50 bond.
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