|
|
|
According
to an article in the May, 2003 issue of Reader’s Digest, more
than $10 billion in U.S. savings bonds held by individuals are no longer paying
interest. All bonds have maturity dates,
after which their values stop increasing.
The U.S. savings bonds that have matured as of May, 2003 are: Series E
bonds issued from May 1941 through April 1963; Series E
bonds issued from December 1965 through April 1973; Series H
bonds issued from June 1952 through April 1973; Series HH
bonds issued from January 1980 through April 1983
If you are
holding matured bonds, they no longer constitute investments. The only way to begin accumulating interest
again is to cash them in and put the money either in new bonds or in alternate investments such as
stocks or bank CDs.
If you
have Internet access, you can find out what your bonds are worth at the Web
site www.publicdebt.treas.gov by clicking on “Savings bond calculator” in the
bar at the left of the screen. Read the
instructions, then click the “Get Started” button at the bottom. Make sure you have the bonds handy so you can
enter all required information.
The article gives the source of their
information as: “Stephen Meyerhardt of the U.S. Treasury’s Bureau of the Public
Debt”.
|
11/1/03 1815