US Savings Bonds and Maturity Dates
Checking your US savings bonds and maturity dates could help you get the most out of your investment. Do you have savings bonds that have matured and stopped earning interest? If so, it’s time to cash them in, or reinvest them, and have your money start working for you again.
United States Savings Bonds have been one of the most popular ways for Americans to save for over 75 years. As a result of purchases or gifts, more than 55 million people currently own over $180 billion in savings bonds.
But some savings bonds have stopped earning interest. That’s because savings bonds earn interest for different lengths of time depending on the series and when the bond was issued. Many individuals have savings bonds stored away in safe deposit boxes or drawers and probably aren’t aware of the maturity dates. It’s important to check your savings bonds periodically to determine if they’re still earning interest. This is especially true for the popular Series E bonds and savings notes.
The following savings bonds no longer earn interest (as of 5/6/13):
|EE||January 1980 through May 1983|
|HH||January 1980 through May 1993|
|Savings Notes||All issues|
|A, B, C, D, E, F, G, H, J, K||All issues|
If your savings bonds have stopped earning interest it’s time to cash them in and perhaps put that money back to work for you.
The savings bond web site, http://www.savingsbonds.gov, provides information about the savings bond program and offers a tool called Savings Bond Wizard. This “wizard” can help track values, maturity dates and other information about savings bonds.
Many individuals have forgotten about savings bonds purchased decades ago. If you think you may have some savings bonds, it is a good idea to find them, make sure they are still paying interest and include them in your total financial planning activities.