Posted: 9/7/2011 2:08:57 PM EDT
| I bought a $100 E-Bond for $50 as a gift today. When issued, the amount on the bond will be $50 or $100? |
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http://www.treasurydirect.gov/indiv/products/prod_eebonds_glance.htm
Sounds like you purchased a $100 EE paper bond for $50. When you redeem it, it will be for $100 + interest. |
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Quoted:
http://www.treasurydirect.gov/indiv/products/prod_eebonds_glance.htm Sounds like you purchased a $100 EE paper bond for $50. When you redeem it, it will be for $100 + interest. After it reaches maturity (usually 20 years or so) It can be redeemed earlier for the accrued value but at a penalty. |
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Quoted:
Quoted:
http://www.treasurydirect.gov/indiv/products/prod_eebonds_glance.htm Sounds like you purchased a $100 EE paper bond for $50. When you redeem it, it will be for $100 + interest. After it reaches maturity (usually 20 years or so) It can be redeemed earlier for the accrued value but at a penalty. According to that page, no penalty after 5 years, and they stop earning interest at 30 years. I was surprised to see that for electronic EE bonds, purchase price is face value (i.e., a $100 bond costs $100), whereas paper bonds are half-price. Color me unsurprised to see that as of 1/1/12, they're doing away with paper EE bonds. 
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Quoted:
Quoted:
Quoted:
http://www.treasurydirect.gov/indiv/products/prod_eebonds_glance.htm Sounds like you purchased a $100 EE paper bond for $50. When you redeem it, it will be for $100 + interest. After it reaches maturity (usually 20 years or so) It can be redeemed earlier for the accrued value but at a penalty. According to that page, no penalty after 5 years, and they stop earning interest at 30 years. I was surprised to see that for electronic EE bonds, purchase price is face value (i.e., a $100 bond costs $100), whereas paper bonds are half-price. Color me unsurprised to see that as of 1/1/12, they're doing away with paper EE bonds.
Huh didn't know about the 5 year bit, but the discontinuation makes sense. With I bonds they know they'll have to pay out X over Y, but with EE bonds, it's a bit more of a gamble for them. Sad to see the EE's go. |