My guess is that it's a Series E Bond, the most common of the time, and
if so, earned interest for 40 years.
Assuming it was issued in May of 1957 (date doesn't matter, interest
stopped in 1997) here's it's worth:
Serial #
NA
Issue Date
05/1957
Issue Price
$75.00
Value
$799.60
Series
E
Next Accrual
Interest
$724.60
Note
MA
Denom
$100
Final Maturity
05/1997
Interest Rate
Checked on Google for U S Savings Bonds and found this on the site:
How long bonds earn interest based on issue date:
SERIES
ISSUE DATE
NUMBER OF YEARS BONDS EARN INTEREST
E
May 1941- November 1965
40 years
December 1965 - June 1980
30 years
EE
All issues
30 years
H
June 1952- January 1957
29 years, 8 months
February 1957- December 1979
30 years
HH
All issues
20 years
I
All issues
30 years
Savings Notes
All issues
30 years
On Jan 25, 2007, at 12:07 PM, Joe Savard wrote:
I'm not a financial wizard, (We already knew that!), but as I recall,
the prize was a $100 savings bond, and I don't think that they accrue
interest after they mature, do they?
Joe Savard
Lake Orion, Michigan
Ray
*************************************************************
To unsubscribe or set your subscription options, please go to
http://lists.psu.edu/cgi-bin/wa?SUBED1=l-forwardlook&A=1
|
|