Probably, grandma bought one for you with out your knowledge. Now that you already know what a bond is, you is likely to be slowly realizing that in truth, you actually have a kind of (or more probably, that your great-aunt Linda as soon as talked about shopping for one for your bar mitzvah). Now that we've got a agency grasp of what savings bonds are, let's figure out in the event you even have a savings bond that's been effectively "returned to sender," is MIA or is simply hanging around ready for you to cash it. Looking for an MIA or matured financial savings bond might yield a cash windfall, however first, why do not we work out what a financial savings bond really is? So if you do find you could have a financial savings bond and haven't any memory of buying it, no concern: You in all probability aren't buying government-issued securities in your sleep. A savings bond is owned by the one who bought it, though you can buy it for someone else. A savings bond is not marketable, which means you cannot sell it or switch it. First, let's talk about what a savings bond is not. It's Bond. Savings Bond.
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