Savings bonds is this true?

Question

if my mom bought a savings bond when I was 1 now Im 17 years old how much money I can get? and how much interest it goes up every year?

Answer 1

If it was a $50 bond, then it would be worth a little over $50 after 17 years.

Savings bonds are HORRIBLE investments!

Answer 2

Well, I need more info. but usually it doubles every 7 years, so by now if it was a 100 dollar bond it will be worth around 500 dollars, if it was 200 dollars it will be worth around 1,000...1,000 will now be worth 5,000.

Answer 3

depends on the bond.

they come in different face amounts, and classes.

Answer 4

A $50-face 17 year old EE bond would have been purchased for $25 and now worth $62.  These pay about 4%/year (double every 18 years).  

$50 08/1991 02/2009 08/2021 $25.00 $36.96 4.00% $61.96