Cashing in old savings bonds

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You might have a few savings bonds lying around from when you were just a child. Are they worth anything? And if so, how do you claim that money? I'm Lucas Wysocki with your Personal Finance Minute.

If you're cleaning out a closet or moving out for the first time, you may come across some old dusty savings bonds that you received years ago as a gift or award. If you're thinking of cashing them in, first, get informed on their value and whether they are still gaining interest. There's a savings bond wizard at Treasury that can help you figure out how much your bonds are worth. If they're still gaining interest, it's probably a smart idea to put them back on the shelf until they have run their course. You can also convert your bonds to an electronic form at if you prefer to keep things organized electronically. Once you're ready to cash-out, most banks will redeem your savings bonds, or at least point you in the right direction. To find out more about savings bonds and other personal finance issues, just visit I'm Lucas Wysocki.


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Dear Dr. Don, I have approximately $20,000 in savings bonds. Given the state of the U.S. economy, should I cash them in? How safe are they if the economy tanks, the U.S. goes bankrupt or the country gets a serious credit... Read more

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