My grampie just sent me a savings bond
There's really no point to this thread than to share that my grampie just sent me a savings bond that he bought for me back in 1975! Isn't that sweet? I don't know much about these but I looked it up on a bond calculator and it appears that it stopped maturing or accruing interest (whatever the terminology is) after 30 years. I guess I'll go to the bank now and cash my savings bond. lol ;D
Re: My grampie just sent me a savings bond
^^^ I hope that it's a small one, since taxes will be due on the interest earnings ! The bank can tell you how much (and will likely also report it to the IRS via form 1099).