US Savings Bonds

Archive for March, 2006

Question: How can I find Savings Bonds that were bought for me?

My Grandmother would always talk about buying us grandkids saving bonds for our birthdays. I think she was telling the truth, the problem is her six kids left behind (including my mom) when she died. I think someone stole them because I haven’t heard a word about it since, it’s been 3 years now. Is there a way to track a bond(s) in my name? Is it possible for my relative or mom to have cashed them themselves, or changed the name on them to my son’s name? basically, can you mess with those once they’re bought?

Answer: The owner of a savings bond receives a registered certificate and
unlike other Treasury securities, Savings Bonds cannot be
re-sold or given away! They can be purchased directly from
the Treasury, commercial banks and sometimes through
employee savings plans. If you have no certificate and have
no real proof of ownership, it may be difficult getting your hands
on them. I would suggest starting with the U S Treasury Dept.
The actual purchase should be on record, but for you to be able
to call it yours, your name has to appear on it as the actual
owner. If it doesn’t and without a good attorney, I wouldn’t count
on getting it. But find comfort in knowing that if someone does
have them and the names that appear on them are different from thier own, the are absolutely worthless to them! GOOD LUCK!

Senate Session 2010-04-20 (10:49:40-11:45:08)

The maturity dates for Savings Bonds vary from 20 years to 40 years depending on the types of US Savings Bonds. Since different US Savings Bonds are issued by the United States government at different times, maturity dates for US Savings Bonds vary according to the issue dates.

Once the maturity dates of US Savings Bonds are reached, the United States Savings Bonds will not accumulate interests and owners of any U.S. Savings Bonds that have reached their maturity dates may want to cash out on the Savings Bonds.

Maturity dates for US Savings Bonds

Series E Savings Bonds and Series EE Savings Bonds have maturity dates 30 years after the issue dates. The maturity dates for Series E savings bonds issued between 5/41 and 11/65, however, are 40 years from the dates of issue. The maturity dates for Series I Savings Bonds are also 30 years from the dates of issue.

When will I have to pay tax on US Savings Bonds? – US Savings Bonds Taxation

Once the US Savings Bonds have reached their maturity dates, the savings bonds will be taxable. You will owe taxes on the US Savings Bonds interests even though you are not cashing them out yet. Click on the link at the bottom of the page to view all US Savings Bonds Maturity dates.

Once a Series EE US Savings Bonds Maturity date has been reached, is there anything an investor can do to continue to defer the interest that is due?

No. The last day to rollover US Series EE Savings Bonds or US Series E savings bonds into US Series HH savings bonds was August 31, 2004.

After that date all tax deferred US Series EE Savings Bonds or US Series E Savings Bonds Interest is taxable in the year of the US Savings Bonds Maturity, regardless of when the savings bonds are actually presented for payment.

• US Savings Bonds Maturity

Bond Market : About US Savings Bonds