Are You Holding US Savings Bonds After Interest Has Stopped?

July 12, 2012

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.

image But, some savings bonds have quit earning interest. Savings bonds earn interest for different lengths of time depending on the series and when the bond was issued. It is important to check any savings bonds you have to make sure they are still earning interest. This is especially true for the popular Series E bonds and savings notes. Many individuals have savings bonds stored away in safe deposit boxes or drawers and probably aren’t aware of the maturity dates.

The following savings bonds no longer earn interest (as of 5/5/12):

Series / Issue Date
EE / January 1980 through May 1982
HH / January 1980 through May 1992
Savings Notes / All issues
A, B, C, D, E, F, G, H, J, K / All issues

If your savings bonds have stopped earning interest, you should cash them in or exchange them. Stop by any Home Federal Bank location to cash in your saving bonds or roll the funds into a CD or savings account. Additional investment opportunities are available through Hometown Investment Services* (offices in select Home Federal locations).

As of January 1, 2012, paper savings bonds are no longer available for purchase at financial institutions. To purchase an electronic savings bond, we’ve posted a link on our website to access TreasuryDirect. The TreasuryDirect web site, also provides information about the savings bond program and offers a tool called Savings Bond Wizard. This “wizard” can help track values, maturity dates and additional information.

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.

*Investment and Insurance Products offered through Hometown Investment Services: • Are NOT Bank Deposits • Are NOT FDIC Insured • May Lose Value • Are NOT Insured By Any Government Agency • Carry NO Financial Institution Guarantee

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