Letter: Make sure to cash in old savings bonds

Published 12:00 am Wednesday, July 31, 2019

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

Salisbury

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