| Unclaimed Assets: Money The Government Owes You! | |
| US Postal Savings System |
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U.S. Postal Savings System Bonds & Certificates |
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| The Postal Savings System was
established in 1911 to provide "safe, convenient
depositories for Americans who could save and earn
interest by purchasing certificates." Individuals were
allowed a single account with a maximum balance of
$2,500. Interest was paid at the rate of 2% per annum.
The popularity of the program declined with a growing U.S. economy and rising interest rates, and so Congress voted for its termination in 1966. Upon termination, over 400,000 U.S. Postal Savings System Certificates and U.S. Postal Savings Bonds have gone unredeemed. For information on unclaimed Postal Savings System Bonds and Postal Savings Certificates order our Special Report: US Postal Savings System Unclaimed Funds |
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