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    azyvette's Avatar
    azyvette Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 6, 2009, 09:11 AM
    Savings bond
    I recently found a $100 savings bond that's 12 yrs old. Should I cash it or hold on to it? Don't really know how the bond works.
    handymom77's Avatar
    handymom77 Posts: 34, Reputation: 2
    Junior Member
    		  
    #2

    Sep 6, 2009, 05:08 PM

    Check out TreasuryDirect. Depending on what series it is, there could be a date when it stops earning interest. If you cash it, know that you will receive a 1099 for the interest that you will have to claim on your income tax.
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