I have some series EE savings bonds dating from 1986-1996, and I’m trying to figure out when to cash them. I plugged the serial numbers into the savings bond calculator and got a handy dandy print out of the current value, the final maturity date, and the interest rate. Here’s what I find confusing:
What?! This is complete gibberish to me. I’m trying to make a smart decision about this, but I don’t have a financial backround, and cannot decipher this.
My question going into this nightmare of confusing, convoluted, and increasingly desperate googling was this: How much interest are these bonds going to earn until their final maturity date and am I better off cashing them now and putting them into a savings account? Is this a question for an accountant, or can most people figure this stuff out for themselves? Why on earth isn’t there a basic financial class in high school so that folks aren’t floundering to maximize what little money they have?