Unclaimed Savings Bond suit update
Friday, March 4th, 2005
Categorized as: Stinker bonds
We’ve been following the story of the state Treasurers who are suing the Treasury since last August.
They want the Treasury to turn over Savings Bonds that have stopped earning interest to state unclaimed property departments, so the funds can be returned to their owners.
The best article we’ve seen on the suit so far was published in the Asbury Park (NJ) Press on February 13 - N.J. wants to generate interest, but critics see an ulterior motive.
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Loading...FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:
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Tom Adams