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When you receive a savings bond worth 100 dollars can you cash it right away?
Wiki User
∙ 11y ago
The tradition of giving someone a savings bond as a gift has largely disappeared since all purchases must now be done electronically. As of January 1, 2012, paper savings bonds are no longer issued by the U.S. Treasury although millions of Americans still hold previously issued paper savings bonds.
Typically, a savings bond cannot be cashed in shortly after purchase. For example, a purchaser of the I or EE Savings Bonds must hold the bond for one year before being allowed to cash it in and an early redemption penalty applies if redeemed before 5 years.
Wiki User
∙ 11y ago
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No, you purchase it at a discount and it becomes worth 100 dollars in some number of years into the future
How much is a fifty dollar savings bond worth that was bought in 1996?
depends on the series but around 42 dollars
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i think most savings bonds reach full value at 30 years. so yours would be worth about 30 or 35 dollars
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