Letter: Make sure to cash in old savings bonds
When cleaning out a desk at home, I found two, $100 savings bonds that I bought from Sharonview Federal Credit Union many years ago.
When I tried to redeem them at Sharonview (with whom I have been banking for nearly 50 years), I was told they could not cash them because Sharonview was not a commercial bank.
When I attempted to cash them at South State Bank, I was told they could not cash them unless I opened an account with them. Finally, at Wells Fargo and after much discussion among the tellers, they gave me 10 $20 bills for them (plus $8.48).
U.S. Savings Bonds do not continue to pay interest after 30 years.
— Elaine Howle
To Ms. Labovitz, Mr. Townsend and Mr. Hull, who wrote letters in the Sunday, July 21, edition of the Salisbury... read more