No. of Recommendations: 0
On 7/20/2001 I bought an I bond (dated 7/2001). What will be the earliest possible date to cash it, 1/1/2002 (six months from the 1st of the month when I bought it), or 1/21/2001 (six months from the purchase date)?


I'd think the intent is that you can't cash it in for six months from the date of purchase. Is the only date anywhere 7/2001? I wonder if that might mean you need to wait till 2/2002.

The web site is not clear either:
"You can cash your I Bond any time after six months and get your original investment plus earnings."

What is clear however:
"... I Bonds are meant to be longer term investments, so if you cash a bond within the first five years, you'll forfeit three months' worth of earnings."

Keith O'Malley

The Motley Fool Money Guide
In this friendly and helpful guide, you'll find simple answers to 500 frequently asked questions about personal finance and investing. You will learn about a wide range of topics including budgeting, buying a home or car, insurance needs, paying for college, investing in mutual funds or stocks, and managing your investment portfolio.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.