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SouthCentral WI | A saving bond is usually purchased at one half of it's face value. After a period of time it reaches face value and can be cashed in at most banks. The bond will continue to accrue interest for a period of time after reaching maturity.
Go here and put in the bond number
https://www.treasurydirect.gov/indiv/tools/tools_savingsbondcalc.htm
It should be self explanatory. Be aware that the interest paid will be taxable in the year the bond is cashed.
Towman | |
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Savings Bonds
