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12-07-2022 08:55 PM
12-07-2022 09:02 PM
@On It wrote:@Seannie Thank you for posting. I thought my husband had one from his childhood. He does, so he will take it in to see if our bank which is local will cash it. It was a small one that someone gave him as a child. It will be fun to see how much interest accumulated over his lifetime.
It will be fun!
I had a small stack handed to me one winter night in 1999. They went all the way back to the time I was Baptized. Some were for only $25. They totalled in face value $325.
When I went to the bank to cash them in, they were worth $10,640. I told the teller not to cash them, I wanted to know how much longer for a larger figure and she said they were done (for like 17 years!) accruing interest.
But, I actually started a little *cottage industry* with that 'lil windfall. It paid off.
12-07-2022 09:06 PM
12-07-2022 09:37 PM
I'm afraid with the present political situations nothing is doing any good.
Yes, bonds quit paying after 30 yrs. Mine aren't that old like 17-20 something like that. Back in the day when they had higher rate of interest they were good.
Now, I just need to hear I did everything in order and
get my investment back.
12-07-2022 10:36 PM
If you have an account at these banks, you can cash your Series EE Bonds (paper) at the following banks according to Kiplinger:
Citibank
Bank of America
BB&T
FYI: The interest earned on the bonds are taxable in the year they are cashed. If they are used for education, non taxable.
12-07-2022 11:31 PM
13 to 20 weeks!!!!!! Omg....
12-07-2022 11:45 PM
12-08-2022 12:11 AM
guess it takes so long because everybody is figuring out banks in most towns won't handle them. I'm not starting an account just to cash a I bond. Why I'm getting rid of all of mine in one fell swoop.
12-08-2022 06:47 AM
@Seannie Don't know what you're talking about. I had a load of savings bonds. Cashed them in at my local bank with no problems.
Did you talk to the branch manager? If you didn't, you should have.
12-08-2022 10:42 AM
may depend on the bond, too
EE
I
H etc.
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