MSU Extension Explains how to Redeem U.S. Savings Bonds
November 4, 2020
MSU News Service
BOZEMAN — Many people have received a savings bond in their life, whether it was a birthday gift or for a graduation or wedding. Montana State University Extension educators say now is a good time to revisit bonds and see if they are still earning interest or have matured.
Savings bonds over 30 years are no longer earning interest, said Marsha Goetting, MSU Extension family economics specialist.
“Exchange them for cash. You can reinvest the money or place up to $4,000 in a Montana Medical Care Savings account and save $276 in income taxes,” she said.
Montanans can us...