Did you cash out your mature savings bonds? Did you invest, spend, save them?
I just read an article saying to cash them out if they are mature because they stopped earning interest. Mine are mature (except one) and I am saving them for emergencies (just used one for furnace repair!)
You can leave them, however, they are not gaining any interest, and therefore, not making you any more money. If it were me, I would cash them in to a savings account or maybe even a money market account. At least you'd be earning some interest on the money.
If you are going to save it, park it where it will at least earn you interest! Even just a plain jane savings count is better than no interest at all.
Personally, depending on how much you have, I would save the bulk of it but re-invest some. Put that money to work for you! :)
When they mature I cash them and re-invest.
Savings bonds double and then earn interest for something like 30 years. After that they just stay at that amount. As far as cashing them in my kids all cashed theirs in and bought cars.
None of mine are mature yet. However, I would cash them out when they are mature and put them in a savings account that earns interest.
Still have them. Yes, we could be loosing that half or whole percent interest but we will live with it. Keep them in a safety deposit box and be sure to write down the serial numbers.
They double in value. No more, no less.
Why would anyone NOT cash out & reinvest the money?
Smh
