I Found Out How Much My Savings Bond Was Worth. If I Deposit It At The Bank, Will They Take It For It's Value

By Increase Savings | Published: December 4, 2009

I found that an old company that my mom used to work for gave me a savings bond when I was born. I recently found that savings bond today. It’s worth about $125. If I deposit it at the credit union, will they take it at how much it’s worth or the face value (it has $50 printed on it)?
Thanks!

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2 Comments

  1. john m
    Posted December 4, 2009 at 12:31 pm | Permalink

    They will either cash it for it’s current value, or send it to the Federal Reserve Bank, which will send you a check for it’s current value.
    Not all banks are Issuing & Paying Agents for these bonds. But, either way, you will receive the value that has accrued through additional interest earned since it’s origional maturity.

  2. Dippin Dots of East Lansing
    Posted December 4, 2009 at 3:08 pm | Permalink

    yes, they’ll depost it for $125

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