A technical question

@Trace86 (5033)
United States
June 19, 2007 8:39pm CST
I am confused about savings bonds. I have a $50 bond from 8/99. When is it worth $50? It says interest ceases in 30 years. I don't have to wait 30 years for my $50, do I?
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2 responses
• United States
20 Jun 07
Whats the age of maturity? If you bought a savings bond lets say for 25.00 then how long does it take to mature to 50? See what I am saying? I am sure the fine print on the back of the bond will tell you.
3 people like this
@badpenny (741)
• Seagoville, Texas
20 Jun 07
In general, the maturity rate for US savings bonds is about 17 years. Some mature more quickly, some take longer. The only way to tell for sure is to take the bond to any bank. They can verify the maturity rate for your particular bond. The 30 year cap is for the interest only. If you keep the bond after it fully matures, it will increase in value until it is 30 years old, at which time it will have reached its maximum value.