Lifelong Protester
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Tue Jul-26-11 03:43 PM
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Does anyone here have an idea about US Savings Bonds and |
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if they should be cashed in prior to next Tuesday? I have a few, left to me by my late Mom. I've just kept them in a safe deposit box, and I believe they are maxed out on interest, so I would not lose anything by cashing them in.
Does anyone know if these will become worthless or compromised should the whole shebang go down the tubes?
I don't want to bother to ask at the bank. I doubt if they would know, and if they do know, they don't want to spread panic by telling me the truth.
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woodsprite
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Tue Jul-26-11 03:47 PM
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1. We were looking at the same thing. Didn't get a straight answer |
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Edited on Tue Jul-26-11 03:49 PM by woodsprite
but I would suspect they're gonna be affected in some way. We have close to 20K, but most are still collecting interest and a small batch of them would require a penalty be paid inorder to cash them in.
They were the kind that you put aside for your kids education. Turns out we won't need them for our daughter and our son isn't ready for college for another 7 years.
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csziggy
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Tue Jul-26-11 03:48 PM
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2. I am not an expert but I wouldn't worry about either way |
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If the debt ceiling is raised, no problem. If the debt ceiling is not raised, it probably will not destroy the country or the economy, no problem. If I am wrong about that and things go totally belly up, neither the bonds or the money you would get by cashing them in will be worth anything.
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DURHAM D
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Tue Jul-26-11 04:00 PM
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3. You have received a good response above but |
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jftr - if they are aged out you ought to cash them in anyway. One way to see if you have matured bonds is this website: http://www.treasurydirect.gov/indiv/tools/tools_treasuryhunt.htm You search by SS#. I found a couple belonging to my mother that had been lost.
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Gin
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Tue Jul-26-11 04:24 PM
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6. thanks for that site... |
Lifelong Protester
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Tue Jul-26-11 04:14 PM
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4. Thanks for the replies. |
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I think I will cash them in, no penalties for that.
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MilesColtrane
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Tue Jul-26-11 04:20 PM
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5. We'll be too busy fighting each other for food to worry about bonds. |
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Edited on Tue Jul-26-11 04:21 PM by MilesColtrane
:sarcasm:
(I hope)
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Lifelong Protester
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Tue Jul-26-11 06:39 PM
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8. Well, I was planning on turning some of the proceeds into |
deaniac21
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Tue Jul-26-11 04:42 PM
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Thu May 09th 2024, 09:18 AM
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