Gup
,
Wednesday, 11th of August 2010 03:24:01 PM
l have 7 savings bonds that l purchased this year from my job. l bought
Gup
them for $50. In July l stopped buying them because l realized that they
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are of little value. Instead of just keeping these bonds locked up in a
Joined: Monday, 19th of April 2010, 07:27:27
drawer somewhere l was wondering if l could possibly put them into some
Posts: 498
type of savings account and wait for them to mature. Is this possible or
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would l have to wait until they have fully matured?
Muffin
,
Thursday, 12th of August 2010 05:13:08 AM
You cannot directly deposit savings bonds into any other
Muffin
investment- IRA, mutual fund, etc. You can redeem them at any time and put
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the cash into the other investments. Since you have not held the bonds for
Joined: Tuesday, 11th of May 2010, 23:21:11
at least 5 years, you will pay a penalty for early redemption. Your best
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alternative would be to just store the savings bonds until they are 5
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years old, cash them, and then invest the cash.