found a stack of savings bonds

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ugh it's going to be a nuisance to cash them. Have fun.

+1 My FIL bought a ton of these for my DH many decades ago. They’re worth quite a bit, so not complaining, but the process of converting them to digital feels like a huge leap of faith. You have to mail them to some office in like Minnesota or North Dakota or somewhere, and then it takes weeks and weeks for the process to complete. Now that so many federal employees have been laid off, I’m wondering if there’s anybody left in that office.

or walk into your bank ....

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ugh it's going to be a nuisance to cash them. Have fun.

+1 My FIL bought a ton of these for my DH many decades ago. They’re worth quite a bit, so not complaining, but the process of converting them to digital feels like a huge leap of faith. You have to mail them to some office in like Minnesota or North Dakota or somewhere, and then it takes weeks and weeks for the process to complete. Now that so many federal employees have been laid off, I’m wondering if there’s anybody left in that office.

or walk into your bank ....

Depends on the value of the bonds. We had multiples of $10k face value. Bank’s not going to cash those.

[Anonymous]

Bank of America and some other big banks cash them for their customers.

[Anonymous]

I had 10 $10k bonds, some $5k, some $1k. My bank, where I was a customer of long standing and had kept them in my safety deposit box, gladly "cashed" them in batches. They put the money on one of my accounts.

[Anonymous]

Remember it can be tax free if used kids college education in certain cases.

And also for Parents don't steal your kids money.

When I was in college, which I paid 100 percent my self. I was desperate Junior year for funds. I was working 25 hours a week, doing 18 credits and my car broke down and I had to retake a class in summer out of pocket. I was looking for something in my Moms desk and found an old card or two from my Holy Communion buried with a savings bond receipt. I then ran to mom and said did I get some savings bonds for Baptism and Holy Communion years ago I could really use cash. I was excited as I was 20 so they would be worth a lot. She goes year I kinda cashed them in years ago. I am like they were not yours, she goes yea I need money.

Interest rates were really really high in the 1970s and early 1980s those bonds would have been worth a lot if she kept them. Drove me nuts.

[Anonymous]

Anonymous wrote:I think you should cash them and donate them. You didn't even know you had them and things are hard out there for people right now,

Sorry but we can use the cash. But I appreciate what you’re saying.