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Savings Bond?
04-21-2011 08:52 PM
TheEagleoftheStars
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Post: #1
Savings Bond?
So I just got a $200 Savings Bond, but I don't know how they work. I know I should save it, but it just doesn't seem like it'd be worth as much in x0 years as much as it would to me right now. What should I do with it?


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04-21-2011 09:25 PM
flamedance58
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Post: #2
RE: Savings Bond?
Ask your bank.
Ask them how it works.
Ask them how you should use it best to invest.
Ask not us cause we're not bankers.



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04-21-2011 09:26 PM
David
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Post: #3
RE: Savings Bond?
You're right, it won't be worth as much in the future as it is right now. You will, however, earn a bit of interest on it. I'm not sure exactly how much interest savings bonds earn but I assume it's higher than that of a savings account at a bank.

If you're under 18, save up for a car.


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04-22-2011 12:37 AM
Silphon
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Post: #4
RE: Savings Bond?
bah saving period makes shit these days, even with government bailouts, you got loan interest rates skyrocketing, and savings of all kinds declining.

Pretty sure Savings Bonds won't let you cash in until a certain period, and will generate an interest usually over like 10% at the least. They usually have a limit of 10-15 years so the banks can pay you back in increments at a time. But that's as far as I know and remember.



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04-22-2011 12:41 AM
calumny
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Post: #5
RE: Savings Bond?
Cash it in.

Buy Pizza and other short-term luxuries.

Realize later in life that you need money.

Cry.



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04-22-2011 06:44 AM
Cheekbones
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Post: #6
RE: Savings Bond?
Set it on fire and throw it at homeless people.



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04-22-2011 09:51 PM
TheEagleoftheStars
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Post: #7
RE: Savings Bond?
(04-22-2011 12:41 AM)calumny Wrote:  Cash it in.

Buy Pizza and other short-term luxuries.

Realize later in life that you need money.

Cry.

I hate crying and cryers Smile

Taking the rising gas prices as an indicator, $200 or so won't likely help me as much as it would right now (not that I need help, but still)


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