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Savings Bond or Cash?
Savings Bond or Cash?
Okay, so there is this competition I want to enter but it asks at the bottom if I win, would I prefer cash or a savings bond....I know what a savings bond is but when do you get the money? And which one would be better...cash or a savings bond if the prizes are...
a) $2000 U S savings bond or $1000 cash
b) $1,500 U.S. Savings Bond or $750 cash
c) $1,000 U.S. Savings Bond or $500 cash
d)$200 U.S. Savings Bond or $100 cash
thanks a bunch!
Answers:
Tim: Take the cash. Savings bonds are sold at hald face value and you have to keep 6 months before you can cash in.
The value is a wash, but you can do something with the money right away.
2008-01-29 17:57:25
The value is a wash, but you can do something with the money right away.
2008-01-29 17:57:25
Michael E: Take the cash. Put half into a no load, low risk fund and in a few years you'll double up. this way your investing and have instant cash flow.
good luck
2008-01-29 17:59:10
good luck
2008-01-29 17:59:10
Chosen Answer
karken1992: Savings Bonds mature at different rates. You can usually cash them for the amount paid (actually a little bit more) after one year. But a lot of them take 10-30 years to mature to face value. I would probably do the cash and invest in something else.
2008-01-29 18:00:04
karken1992: Savings Bonds mature at different rates. You can usually cash them for the amount paid (actually a little bit more) after one year. But a lot of them take 10-30 years to mature to face value. I would probably do the cash and invest in something else.
2008-01-29 18:00:04
jon b: Cash - instant gratification, and you can invest better than a savings bond.
2008-01-29 18:08:25
2008-01-29 18:08:25