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Category: Savings Bonds
Cashing in savings bonds
Cashing in savings bonds can be a straightforward process, but it’s important to understand the various types of bonds and any implications of cashing them. When you decide to redeem your savings bonds, you can do so at most banks or credit unions. It’s wise to have your identification, such as a driver’s license or…
How do the value of savings bonds increase
Savings bonds, particularly Series I and Series EE bonds, increase in value based on a predetermined formula. For Series EE bonds, the value is guaranteed to double after 20 years, provided they are held until maturity. This means that if you purchase a $100 bond, it will be worth at least $200 after two decades,…
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