Investment Question?? Bonds v. CDs??

Question

I have about 7 or 8 EE bonds that have a 4% interest rate. At this time they are all worth more than their marked denominations. They have final maturation dates between 2016 and 2022.

Should I leave them as bonds or should I cash them out and put them in a CD? They total a little over $1000. I want to do something "smart" with them, but something super safe where I can still access that money in case of an emergency.

Answer 1

if you put a $1000 in a CD you won't get more than 2-3% depending on how long you're willing to put it away

but then you need to look at the fines you'll have to way to cash out a bond vs. cd before maturity

Answer 2

We need more info.To be able to help you we must know the present market price, the redemption price and nominal interest  rate (coupon) of your bonds. Also  the interest rate you can get from a bank deposit.