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Return To Bonds Article Archive   Have Your Savings Bonds Stopped Earning Interest? By Ken Morris Have Your Savings Bonds Stopped Earning Interest? Savings bonds are easy to buy, safe and secure, a market-based investment, a liquid long-term investment, can be used for education savings, have tax advantages and are Good for America! All of these statements are true, to an extent, but do you know when savings bonds are really good for America and really 'bad' for you? They start to become 'bad' for you as an investor when they stop paying interest, and you continue to hold them. You may think you would never make this mistake, but more Americans do than you would think. In May 2005, the Bureau of the Public Debt reported that the value of savings bonds held by investors and earning zero interest was in excess of $9 billion. Savings bonds are not held in accounts and no one keeps track of them for you. Anyone who owns savings bonds should take the time to find out what their investments are earning. You may be thinking easier said then done. Well, your favorite uncle is here to help. The U.S. Government has developed a helpful web-site for savings bonds. By paying a visit to www.publicdebt.treas.gov/sav/sav.htm you can learn a great deal of information about savings bonds as well as what your investments are earning. From the web-site, you can download the Savings Bond Wizard. Investors simply type in the serial number and date of issue of their savings bonds and the program gives back the current value, the interest earned, the date of the next interest accrual, the yield to date and when the bond will stop paying interest. Badda-bing badda-boom, its that simple! If you are unable to utilize the web-site, the chart below will aid you in determining if your savings bonds are still earning interest. Any bond that is more than 40 years old is not earning interest any more. And many that are 30 years old have also stopped bearing interest. Series Date of Issue Number of Years Bonds Earn Interest E 5/41 - 11/65 40 years 12/65 - 6/80 30 years H 6/52 - 1/57 29 years, 8 months 2/57 - 12/79 30 years Savings Notes All issues 30 years EE All issues 30 years I All issues 30 years HH All issues 20 years Dont lose valuable interest and let the government use your money interest free. Find out if your savings bonds are past maturity and act accordingly. About the Author: 'Can somebody please help me watch, manage, invest or oversee my 401k' is the question Mr. Morris hears most often that causes him the most concern. Fearing the American worker is being left in the dark, Mr. Morris, a fee based Investment Advisor Representative, based in Central Ohio, with Raymond James Financial Services, Inc., helps 401k participants get the most out of their retire Albertsons Stock Prices

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