How to get your money back on chain letter Savings Bonds

Monday, March 26th, 2007
Categorized as: Cashing in US Savings Bonds

In 1976, a friend told me about a chain letter savings bond pyramid scheme. Suppposedly, if I purchased a $25 Series E savings bond for the next person on the list (which I did…) and mailed it to that person, I would receive X number of bonds from others. I got sucked in just enough to buy the bond. The bond lists the person, their address at the time, and MY social security number. I thought twice about getting involved and never mailed it. I have kept it all this time. Is this a lost cause, or will I be able to redeem it?

Tom’s response

The good news is that the Treasury has a form you can use to get your money back, but the bad news is they won’t give you the $117 in interest the bond has earned.

Here’s a link to the form you need to get your money back on a Savings Bond purchased for chain mail.

The form includes complete instructions.

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FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:

One Comment

On March 27th, 2007 Ethan said:

What a great service you provide, Tom.

Comments Closed

June 1, 2010

After six years, over 400 posts, 3,680 real comments, and over 90,000 spam comments (thank you, Akismet, for making managing a blog with comments possible), I am closing public comments on I will contine to update the main articles on this site, but not the comments.

Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for. If you have a copy of Savings Bond Advisor, you can ask me a question here.

Tom Adams

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