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Started By
Message
Where to cash in old savings bonds?
Posted on 2/16/18 at 1:11 pm
Posted on 2/16/18 at 1:11 pm
We found some old savings bonds that have gone well past maturity, I tried to deposit/cash them in at my credit union and was told credit unions do not fool with bonds.
Sooooo, where can I cash them in that doesn't require me having an account?
Sooooo, where can I cash them in that doesn't require me having an account?
Posted on 2/16/18 at 1:12 pm to LSUsmartass
What the amount and maturity date?
Posted on 2/16/18 at 1:17 pm to YoungManOldMan
They all matured in early 2000s, couple thousand worth all together
Posted on 2/16/18 at 1:21 pm to LSUsmartass
I'm curious. How did someone forget about a few thousand in savings bonds?
Posted on 2/16/18 at 1:23 pm to LSUsmartass
Savings bonds are subject to federal income tax, but not state and local taxes. So good luck with that.
Posted on 2/16/18 at 1:25 pm to LSUsmartass
#lifegoals. To be wealthy enough to put a bunch of money in savings bonds then find them when cleaning out a closet.
Posted on 2/16/18 at 1:33 pm to YoungManOldMan
It's more simple than that actually...parents put them away for the wife over years while she was growing up. Her family gave bonds for birthdays and such.
Posted on 2/16/18 at 2:18 pm to LSUsmartass
Check the treasury.gov website and punch in your address. Just about any federal bank will redeem them. Credit unions aren't federal banks and wouldn't qualify. Probably something to do with reporting the redemption and reflecting the taxes due at year end.
This post was edited on 2/16/18 at 2:22 pm
Posted on 2/16/18 at 2:20 pm to GoIrish02
Looks like we can cash them in digitally and have funds electronically deposited
Posted on 2/16/18 at 2:23 pm to LSUsmartass
Great outcome. My wife find some paper bonds last week and they're too old so we can't redeem electronically.
Posted on 2/17/18 at 11:08 am to LSUsmartass
quote:
Any bank?
If your aren't a customer I believe the limit is $1K.
Also the registered owner(co-owner works) must be present.
You also can cash them in through the Treasury Dept, via US Postal service if you can't do it electronically.
This post was edited on 2/17/18 at 11:11 am
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