I got a couple thousand in savings bonds as a gift and I'm unsure what to do with them. I looked them up and the majority are not at their 20 years mark which is I guess when they are guaranteed to double from the initial purchase price. The majority mature in the early 2030's with the longest maturity being 2039. The interest rates range from 1.3% to 4.0% annually. Here are my questions:
- Does it make sense to hold each bond until the 20 year mark and it is guaranteed to double?
- Depending on the answer to the question above, does it make sense to cash them all in and invest them?
Submitted May 19, 2023 at 01:33AM by Wichertj https://ift.tt/rc1J6L9
