Ask Terry Questions Matured EE Savings Bonds – total of $50,000 (plus interest)

Matured EE Savings Bonds – total of $50,000 (plus interest)

By Terry Savage on May 01, 2022 | Chicken Money

I am in mid 80’s. Don’t anticipate needing this money in near future. Should I put in CD’s or Savings Account?

Terry Says

Please read the column on Cashng in Savings Bonds that I just posted. Remember, you will owe taxes!!
I suggest putting the maximum of $10,000 into new Series I bonds. The rest can go in short-term CDs.

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