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N Illinois (I39 & US 30) | I still have some EE and I bonds. IIRC, the EE bonds were bought at half face value and took something like 13 years to get to full face value. The I bonds were bought at face value and accrued interest from there. The interest rates flucuate with I bonds and were so bad I stopped doing them. Personally I am waiting to use them for kid's tuition, where they get some kind of tax break. There is a savings bond website where you can type in serial numbers and get the current value. If you cashed them in, there would be a tax implication. I think any bank can cash them. What is the best place to put that money, I can't help you there. | |
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Government I bond questions?
