savings bonds

Is it Time to Redeem Your Old U.S. Savings Bonds?

When I was growing my grandparents would always give me savings bonds as gifts for birthdays and holidays. At the time, I wasn’t truly enamored with receiving a piece of paper essentially amounting to an “IOU” in the amount of $50 or $100 as a gift. After all, what money hungry kid wants a promise to receive a certain dollar amount in the future rather than actually receiving the cold hard cash right then and there? The answer is probably none, unless that child has done his homework on the power of interest and has the rare ability to think about the future instead of being focused solely on the present.