U.S. Postal Savings System – Postal Savings Bonds & Certificates
The US 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 program 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.