How to sell savings bonds
How do you cash in savings bonds?
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the sacramento viewer tried to cash in
his savings bonds but learned it would
be some time before he could get his
money so why is that
you know we've been buying bonds since
1985. the paper savings bond is now
extinct the government's switching to an
electronic version in 2011 but when dan
hood tried to cash in his older matured
bonds in february his bank wouldn't
accept them so that got us wondering
what is the best way to cash in older
savings bonds according to the treasury
department your local bank is the best
option to instantly get your money but
after an uptick in fraud some banks quit
accepting them meaning you must send
them in directly to the treasury
department and that could take a few
months to cash
dan mailed his in fifteen hundred
dollars worth two months later he had
his money our thought was that
savings bonds should be more liquid than
that
and they're not liquid at all
nope so if you have old bonds it may
take some time to get the money and if
these bonds are worth more than a
thousand dollars you have to do more
work you have to get your paperwork
notarized before you send it in
