Community Chat

[RollTide2008]

Series EE bonds don’t accrue interest after they mature.

[Lucky Charm]

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@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.

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@On It 

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.

[Moonlady]

I had decades of EE bonds, offered through my employer until the early '90s when they stopped doing that. When each one matured, monthly, I redeemed and deposited it at our bank with no problem. I redeemed my last one in April.

[SharkE]

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.

[Somertime]

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.

[chrystaltree]

13 to 20 weeks!!!!!!   Omg....

[Puppy Lips]

My sister gave my sons savings bonds years ago. I think their time is up. I need to dig those things out, if I can find them.

[SharkE]

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.

[Cats3000]

@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.

[SharkE]

may depend on the bond, too

EE

I

H etc.