US Savings Bonds

Archive for March, 2009

Question: Savings bond-When can I cash it in?

I received a $50 savings bond 6 years ago. When would I be able to cash that in? How much would it be worth?

Answer: A $50 EE bond purchased 6/1/2004 is worth $30.38–the purchaser paid $25.

Personal Finance : How to Cash In Savings Bonds

Question: Help! Child Savings Accounts!?

I want to open a savings account for my son. He is 1 year old at the moment. I am not interested in the child trust accounts rubbish from the government. I just want a good savings account, that I can open with a £100 deposit and pay £20 per month in, that give a good interest rate but that my son cannot access until he is 25 years old. I have been looking on money supermarket, money saving expert etc but am totally confused! They go on about bonds and all sorts! I am so baffled! Can anyone help?

We’re in the UK xx

Answer: Any account anywhere opened for a child is a Custodial Trust Account
This states the money belongs to the child but the parent manages it
Open a No Load Mutual fund account with a Brokerage house.
You put in your 100 and every month add to the account. This of course will fluctuate with the conditions of the Stock Market, but in the long term has the greatest potential for increased value

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