(Closed) savings bond as a gift. i’m such an ass…

posted 6 years ago in Holidays
Post # 3
2401 posts
Buzzing bee
  • Wedding: September 2013

@September29:  I’d give them the check and ask them to invest it in her. Bonds are a great idea, but if her parents are responsible, they most likely already have savings for her.

Post # 4
5977 posts
Bee Keeper

I’d just give her the check for $25 and let her do what she wants with it. They made buying savings bonds so incredibly complicated now and it’s really a shame. I used to buy them all the time for my niece and nephew. Now they get money. 

Post # 5
6248 posts
Bee Keeper
  • Wedding: August 1900

I didn’t realize it was so complicated.  I’d probably just give the parents the check and let them open a savings account or let them get the savings bond if they want.

Post # 6
3618 posts
Sugar bee
  • Wedding: November 2011

Just send her a check now for the amount and tell her that you didn’t realize all the personal information was needed for you to buy a savings bond for her child. I’m sure she appreciates the effort.


Post # 7
3175 posts
Sugar bee
  • Wedding: May 2012

Does she have a 529 plan? I didn’t think you needed a SS number to deposit into that…

Anyway, if that’s the case, just write her the check with a note saying you’d like to donate to her college fund, and ask for deposit slips for the future (most of these kind of accounts give the owners deposit slips).

Post # 10
18645 posts
Honey Beekeeper
  • Wedding: June 2009

I would giver her a check for $25 and have her parents invest it how they want.  I personally hate savings bonds and think the interest rate is ridiculous on them.  With another investment, they will be able to double the money with time anyway.

Post # 11
7609 posts
Bumble Beekeeper

That sounds like a pain in the arse.  I’d just give her the cheque!

Post # 13
10288 posts
Sugar Beekeeper
  • Wedding: October 2011

Why did that have to make this so difficult? I just bought a bond not too long ago for our friends daughters baptism. I must have gotten it right before they made the change. Fwiw, you didn’t always have to have the recipients SSN. There was an option to use your own or the parents, if you happened to know theirs. I always just opted to use my own.

In your case, I agree with the PP’s. I’d just send them a check with a note explaining what happened. I’d personally probably opt to send $50 since that’s what the bond would have matured to but $25 is still a very thoughtful gift.

I’m probably in the minority but I rather like savings bonds. Then again, I was also basically showered with close to 100 of them that were stowed away in a forgotten about safety deposit box from when I was born/baptized until only about a year and a half ago (so that was 25 years of maturity, untouched). Imagine my surprise when I got that call from the Treasury. 🙂

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