This is just one of the stories from our “I’ve Always Wondered” series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is worth it? Or how store brands stack up against name brands? Check out more from the series here.
Listener Amy Lytle from Greensboro, North Carolina, asks:
We received a $100 bond as a wedding gift. I’ve never understood how to go about “redeeming” it. We basically stuck it in a safety deposit box and forgot about it. Next month, we’ll be celebrating our 25th wedding anniversary. Can we still redeem this bond? Do we do so at today’s current (inverted) rates or at the rate at the date of purchase or at the rate ten years from the date of purchase? Should we just continue to hang onto it? Will this actually be worth more…
