FOUND $$$$ (Savings bond)-- want opinions

[KingOfDelco]

So i got some good news last week. My dad called to say he had found a savings bond made out to me stashed away in a box in a closet... Probably from when my grandparents died in 2000.

Anyway, its a "Series EE" $1,000 bond, which basically means, they paid $500 for it, and over 30 years it will appreciate w/ interest to $1000.

So heres the question, its valued at $665 right now, i'd have to wait another 20+ years for it to make it up to $1,000. I'm not hurting for $$$ right now (tho i may been in the near future, lawlz) so I could just hold onto it...However, say my house burns down, I would lose it all.

I'm probably just going to cash it out and deposit it into my savings account, or possibly open up a higher interest Orange Account (i hear lots about these, whats the deal?).

Either way, I figure putting the money in a nice interest account is a better decision that keeping it in a shoebox in my attic until 2030...i may not even be alive by then.

Anyone good with money want to give me some advice?