It’s been 30 years - Do you know where your Savings Bonds are?
Thursday, August 5th, 2004
Categorized as: Stinker bonds
Almost six per cent of uncashed Savings Bonds are no longer earning interest. The Treasury has never put much effort into returning this interest-free loan that currently amounts to over $11 billion.
They do have a feature on their web site called Treasury Hunt that allows an elementary search for forgotten bonds, but the data is incomplete.
The Treasurer of South Dakota, Vern Larson, has realized that his responsibility for returning unclaimed funds to the citizens of his state should include Savings Bonds.
Mr. Larson has hit the mother lode of unclaimed funds - let’s hope his fellow state treasurers follow suit. Aberdeen News, July 20, 2004
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Tom Adams
[…] We've been following the story of the state Treasurers who are suing the Treasury since last August. […]
[…] As we first mentioned here on August 5th, State Treasurers have figured out that their unclaimed property divisions should be trying to find the owners of Savings Bonds that have stopped earning interest and that are still unredeemed. […]