Unclaimed Money: 'GMA' Helps Viewers Cash In on Unredeemed US Savings Bonds ...
CLICK HERE to read our step-by-step guide to how to find unredeemed savings bonds!
CLICK HERE for tips and tricks on finding unclaimed money left by a loved one.
Your Unclaimed Money Questions Answered!
Hundreds of viewers sent in specific questions about ways to find unclaimed money . Below are Elisabeth Leamy's responses from "GMA."
1. Sandra in Ocoee, Fla., asked: "I had a bank account in my maiden name that I never closed. How do I begin to search?"
Leamy answered : The most basic search you can do is at a free website run by the National Association of Unclaimed Property Administrators, www.unclaimed.org , that will link you to the appropriate department in your state that holds the funds. There's a big map there and you just click on a state to search it. You should search every single state where you have ever lived and the state where the bank is based because sometimes the money goes there. Everybody should always search every name they've ever been known by. This especially applies to women who change their name when they get married.
2. Mary in Blountsville, Ala., asked: "I've lived in several states. How can I search for unclaimed funds in many states?"
Leamy answered : If you want to search several states at the same time, there's another free website, called www.missingmoney.com where you can do that. There's a drop down menu. You just have to choose "all states" for your search. But it's not all 50. There are a few that don't participate. Check those and if you lived in any of them, go back and search non-participating states individually at www.unclaimed.org . Again, be sure to search every state where you've lived and every name you have had.
3. Fatima in Buffalo, N.Y., asked: "My dad passed away approximately 11 year ago, and I'm not sure if he left any unclaimed funds. How do I go about finding funds he may have been left?
Us Saving Bond - News
Latonya Davison told us her success story: "I was owed $60 from an old cell phone account. The state of Florida had it. It's legit." Now, it's your turn to cash in. There are 117 million unclaimed money listings across the country waiting to be
Both nations could advance the pace of adjustment by removing “distortions” that encourage saving in the US and reduce the need for saving in China, the BIS said. Yuan forwards declined last week after Premier Wen Jiabao said measures to cool inflation
Colbert recommends short-term bond funds. He likes Vanguard Short-Term Investment Grade fund. It invests mainly in US corporate bonds averaging three-year maturities. Its yield is 1.6 percent. He also likes his own fund, Commerce Short-Term Government
The most recent prize to come his way was a $25 US Savings Bond when a poster he submitted in the Library Auction's poster contest won a blue ribbon last week following what judges described as “especially keen competition at the junior high school
Even US Savings Bonds are part of the national debt. If hate could solve problems, America and the World would be problem free. In China, there was the Empress Wu. It was totally impossible for a woman to be the Empress, so by linguistic "sleight of
How to Sell Savings Bonds
If you are American, buying US saving bonds is an act of being patriotic; it helps Uncle Sam and benefits you. The bonds you buy helps the USA to finance the country’s borrowing requirements, keeps fiscal programs going and it also means that you might be helping the unemployed who through no fault of their own lost their jobs to get back into productive work and get the economy going back on track.
The best thing about US savings bonds is that they are very safe, in the worst case if you were to invest $400 to buy a bond, the value of this bond will never be less that $400, and that’s guaranteed. There are very few saving schemes that can offer you such a low risk investment. Better still, they pack an interest rate punch. If you are not sure, you can check popular independent interest rate look up tables to discover that US saving bonds deliver the most competitive rates and the series I and series EE have their rates reviewed and change on a bi-annual basis, this happens in May and November.
Now comes the best bit, the dividends or interest you earn on your bonds are completely tax free, this is very different from other saving schemes. The important point to note is that the compound tax deferred value is not calculated until you sell the savings bonds. Therefore, you are not forced to pay out for future benefit, but rather can pay that when you get the payout and that has to be good news. In addition, if you are looking to use your savings bonds to pay for an investment, for example, university studies; there will be no tax to pay; it makes sense to spend a moment checking the tax exemptions for funding higher education. All the details are available on popular websites that deal with this subject.
If you decide to sell your bonds before their maturity, there are a series of simple steps to follow to ensure you get the best results. What you will be doing is selling your saving bonds that have not yet reached their maturity on a market that is known as the “secondary market” and you should use a bond broker or trader. What this broker or trader will do is to list your bonds (still not yet matured) as available on the best market lists, remember you should never accept a price lower than what you initially paid for your savings bonds and you need to pay particular attention to this point. The bond broker or trader will obviously charge you a commission, no one works for free, but you should expect them to get you the best possible deal. Before you commit to a particular broker or trader, do a little bit of research and check with people you can trust to tell you about their experiences if they too are familiar with saving bonds.
Us Saving Bond - Bookshelf
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Treasury Bills, Notes, Bonds, & TIPS FRB Locator. Treasury Hunt ... Savings Bond(s) SAVINGS BOND CALCULATOR. Value as of: Series: Denomination: Bond Serial ...
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