Quote:
Originally Posted by veguroev  Go to the savings bond official website and it will tell you the value of it as of today.
Bonds mature after 10 years and stop earning interest after I don't remember how many years, which in your case it's probably going to be on 2032. |
See, that's what I was thinking too. It's not that it won't be worth $500 until 2032.... but instead that it will be worth $500 some time before that and then continue to earn interest - making it worth MORE than $500 when it stops earning in 2032. I know when I was doing some research on mine that I found, there were new rules for newer bonds and I can't remember when it said they would reach face value but I really want to think it said 20 years - putting your's at $500 in 2022 and then more until 2032 when it will "top out". I wouldn't swear on a bible that this is fact but it's kind of what I remember reading a few weeks ago and without having your bond #, there's no way to look it up on their calculator.
Of course, this subject is not really valid to the OP now since she cashed her's but maybe other people have bonds sitting around. I know that the one I was given in 1989 is now worth about $138 ($100 face value) and will continue to earn interest for a while. I can't remember when it will stop earning but I figured I would hold onto it at least a little bit longer.
See, the great thing about this site is that we learn new things all the time - some even NON-Yorkie related!
