Spring Lake, New Jersey (PRWEB) October 10, 2012
SavingsBonds.com observes Baby Boomers helping parents with hidden stashes of Savings Bonds. Children discover piles of Bonds in closets and drawers.
You rarely hear about people stashing money under their mattress or stuffed in shoeboxes in drawers or closets when ATM’s and banks are seemingly on every corner across America. The thought alone conjures up Norman Rockwell images of grey haired, elderly grandparents in rocking chairs, recollecting with precise detail the mysterious locations they buried or stashed their treasures of loot to their wide-eyed grandchildren.
At SavingsBonds.com, stories of newly discovered stashes of money, in this case in the form of savings bonds, are not as old fashioned and strange as you might think. It’s often the children who find these piles of bonds in their parents’ homes, and have no idea what the treasures are worth.
“We found over 300 savings bonds cleaning out my father-in-laws closet after he entered an assisted living facility,” said Barbara C, a SavingsBonds.com member from New Hampshire. “We had never seen bonds before and had no idea what they were worth until we found your site and then used your calculator. The report said they were worth over $86,000.”
According to many of the baby boomers, when the stashes were found, most said they had no idea what the bonds were worth, or if the bonds were still earning interest. They really didn’t know what to do next.
The children started researching for bond values and information at SavingsBonds.com. Both parents and children are usually pleasantly surprised to learn of the cash in values, if the bonds have matured, and a real picture of how the bonds are performing along with guidance on their financial options. They are happy to have all the bonds displayed on an organized, professionally prepared financial Bond Inventory Report.
According to the US Treasury Department, approximately $15 billion dollars worth of savings bonds have matured, are no longer earning any interest, and have never been cashed in. Many of these bonds were probably lost or even forgotten. This is reason enough to start digging in your own, or your parents’ backyard or search through closets, drawers and attics for possible hidden treasures.
SavingsBonds.com is a consumer friendly site offering a free savings bond calculator with a complimentary, personalized, color-coded, Savings Bond Inventory Report and unique reports and services that help bond owners avoid losing money and maximize their investment. The site also offers the most extensive savings bond information center with a non-governmental perspective. Current series EE and I bond rates, lost bond services and re-issue services, links to purchase savings bonds online and popular government forms are also available.
About SavingsBonds.com VIP Membership:
SavingsBonds.com VIP Members receive bi-monthly emailed Alerts! which provide updated cash in values, interest rates and earnings, strategies about current and upcoming financial events, including maturity and taxation issues. The Cash In Report ranks bonds in performance order to eliminate guesswork on which bonds should be cashed in and which ones to hold. Members have 24/7 access to a personalized Bond Inventory Report indicating current bond values, interest rates, timing, taxation and maturity issues, displayed on an easy to understand, color-coded, bond-by-bond report. Optional Bond Tips, along with discounts on lost bond and re-issue services are included. The pro-active, investor friendly service helps avoid possible forfeiture of interest, double taxation and IRS situations, helps investors maximize their savings bond investment and avoid losing money.