Don't Forget Old Savings Bonds

The U.S. Treasury has $16 billion in unredeemed savings bonds. Is some of it yours?

You wouldn't stash a pile of cash under your mattress, right? But many people are essentially doing just that by not cashing in matured U.S. savings bonds.According to the Bureau of Public Debt, there are $16 billion worth of savings bonds that have fully matured (meaning they're no longer earning interest) but have not been cashed in.Some bondholders don't cash in because they don't realize their bonds have matured and assume the bonds are still increasing in value. Others may have forgotten they even own a savings bond—40 million bonds purchased between 1941 and 1978 have never been redeemed. The Treasury does not send out notices to bondholders when their bonds have matured.

How can you find out if you have unclaimed savings bond money waiting for you? ... Read the entire article.

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