500.00 savings bond

[3mnkids1]

arrived today. It was a win from the motts scooby doo sweep. I had forgotten all about it. :laughing: Guess I will be making a trip to the bank. can you deposit these in a savings account? I dont know how these things work. I know its gunna take years to reach maturity. just not sure what to do with it.

 

[fearsgirl]

What a great win! You can't deposit it just yet. Look it up on the internet and see how long it takes to mature. (I'm 42 and I still haven't matured) By the time it matures you might have one in college!!!!!!!!!!!!1

 

[blord7777]

:wave:Congratulations on your win, sure is nice to find a suprise in the mail instead of a bill.

 

[mscjn55]

I think you can cash it in ... when it is about 6 months old...but they don't mature quick like they use to...it will be worth about half I think...if you cash it in in 6 months...it's maturity depends on the Prime Rate that the banks use... But that is a Great Win :cheers:

 

[johnnyz]

If you cash it now it will be worth roughly half. They typically mature in 7 YEARS for full value.

 

[3mnkids1]

thanks guys. I dont want to cash it in. I just dont want it lying around the house the way I lose things. :laughing:

 

[johnnyz]

http://www.treasurydirect.gov/indiv/tools/tools_savingsbondcalc.htm will help you find current value

 

[ll1]

nice congrats :cheers:

 

[3mnkids1]

Thanks johnny. all kinds of info on that site. I appreciate it.

 

[rsthayer]

:headbang:nice win!! :sunny:

 

[hockeymom86]

Congratulations!!

 

[anikka]

Congrats!

 

[uaranio]

[size=10pt][/size][move]CONGRATS![/move]

 

[cherbie38]

Congrats!!! :wave:

 

[angie7077]

:wave: congratulations

 

[mary5435]

great win!! isnt it like 15 yrs to mature to face value? I think its worth 250.00 right now if you were to cash it ( I think thats how they work)