>> 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.
It’s important to check your savings bonds periodically to determine if they’re still earning interest, and if they’re not, they should be redeemed. Use the tables on the TreasuryDirect.gov website to determine whether your bonds have stopped earning interest, or for how long you can expect them to earn interest.
You can also check Treasury Hunt if you’re not sure whether you own any bonds that have matured. If your search was unsuccessful, we suggest try again at a later date – the Treasury Hunt database is updated monthly.
Also, marketable securities are subject to bond calls; cases where the Treasury stops paying interest on bonds before the scheduled maturity date. Be sure to note your securities maturity date and check the website for bond calls.
>> Save Money by giving Savings Bonds as Gifts
Very often we need to give a gift, perhaps for a wedding, a shower, a child’s first birthday, school graduations, births, baptism or any other special ocassion. You may want to give that special person a large gift, but you can’t afford to. Or, if that special someone is a child you may prefer to give them a gift that grows with them, and also saves you money. So, how does giving the gift of a savings bond save you money? You don’t pay full price for a savings bond. For example, if you buy a $100 EE savings bond today you pay only $50 and that savings bond “matures” or grows to the $100 value over time, and continues to earn interest for 30 years (from the date of purchase). You’ve given the gift of savings as well as the gift of money.
Go to the TreasuryDirect.gov Savings Bond page for how to purchase Savings Bonds. You can purchase online (e-bonds) or at any bank. This page will explain who can buy bonds and what information you need to purchase them. There are some other rules you’ll need to know about. TreasuryDirect.gov supplies this information.