Is there a penalty for not cashing in matured savings bonds.
The original maturity is the maximum amount of time it takes for Savings bonds to reach the face value. It ranges from 8 years to 17 years depending on the face value and interest. See the link below for more details:
Depending on when your bond was issued, a US Savings Bond can mature in 30 or 40 years. Theres so many different factors that can determine the proper time to cash in a savings bond that I wouldnt have enough room here to describe them all.
The easiest way to find out what the cash value of your bonds is and if they are still earning interest is to go to www.SavingsBonds.com and use the Savings Bond Guru free trial. There they have a service you can login to for free and value your bonds.
It provides expert advice on when the best time to cash in is so you dont lost interest. Did you know theres over $15 BILLION in savings bonds that have STOPPED earning interest and need to be cashed in? Yup, thats a whole lot of free loans the government is getting every month, and its growing by the $100 Millions.
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