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bonds
17/CA
This weekend we were looking through the garage and we came upon this receipt. The receipt said that someone paid 50 dollars for a United States Series EE Bond. It was bought nearly 17 years ago.
My questions are:
- What good is a bond?
- What do I do with the receipt?
- Do I get any money from it?
- What do I do with this receipt?
- Will I get to 50 dollars? or more?
Thanks in advance!!
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Hey,
I used to work as a tutor and was paid in a bond. The way I figured out that it works is that you take the bond (or possibly the receipt) to the bank and depending on the number of years it has been, the money should have gone up. Keep in mind however that 17 years might not be enough for the money to be a tremendous increase, but it is definitely at least 50 dollars. In my case the bond was made out to my name and I had to present an I.D. when I went to get my money at the bank. I'm not sure how much information your receipt has but your best bet would be to just go to the bank and see what they say. The employees are very helpful to those of us who don't understand :D. Good luck!
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