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melg
Yahoo User
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 Posted: Thu Jul 03, 2008 1:32 pm Post subject: What is the point of a u.s. savings bond? |
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| I received a U.S. Savings bond as a graduation gift when I graduated (1998). The value of the bond is $100. I just checked what the value currently is...after 10 years of lying around, it's only worth $73.04. WTF!!Gee!! Thanks for the gift. Maybe I'll actually get the whole $100 to spend on gas in another 10 years! |
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Gatorman
Yahoo User
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| Posted: Thu Jul 03, 2008 1:41 pm Post subject: |
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| Hey, it's just typical political BS!!They NEVER give you what they promise!! |
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Trevor
Yahoo User
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| Posted: Thu Jul 03, 2008 1:46 pm Post subject: |
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| A $100 saving bond would have been purchased for $50. So if you made 23.04 in 10 years then you almost made a 50% return on the investment. It's a save investment. The safer the investment, the lower the interest. A savings bond will always increase in value until the face value.There are some advantages. You won't have to pay taxes on that interest earned if you use the money for higher education. If you buy a bond with a payroll deduction, then that money gets taken out of your paycheck before taxes, so the bond actually costs you a little less. |
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bud68
Yahoo User
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| Posted: Thu Jul 03, 2008 1:48 pm Post subject: |
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| Well, Mr/Ms. WTF, it wasn't bought for the face value of $100.00 - it was bought for $50.00. That's why it's currently worth $73 - from the accrued interest. You don't understand savings bonds. |
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Nancy
Yahoo User
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| Posted: Thu Jul 03, 2008 2:25 pm Post subject: |
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| the savings bond will not be worth the 100$ of another 10 years |
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