The United States Postal Savings System was a postal savings system operated by the United States Post Office Department, predecessor of the United States Postal Service, from January 1, 1911 until July 1, 1967. The system paid depositors 2 percent annual interest. Depositors i the system were initially limited to hold a balance of $500, but this was raised to $1,000 in 1916 and to $2,500 in 1918. At its peak in 1947, the system held almost $3.4 billion in deposits. The system originally had a natural advantage over deposit-taking private banks because the deposits were always backed by "the full faith and credit of the United States Government." However, because the Federal Deposit Insurance Corporation gave the same guarantee to depositors in private banks, the Postal Savings System lost its natural advantage in trust.
Almost a half million outstanding certificates were ordered redeemed back on July 1, 1967, but some 300,000 were never presented for payment.
These unclaimed assets are being held by the Bureau of Public Debt - a Federal Government agency and therefore are not available in State database searches. There is no time limit in which these unredeemed bonds can be recovered by the bondholder or their heirs.
The post office is also the source of unclaimed funds for uncashed money orders.
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The Unclaimed Money Database is a Fast and Easy Way to See if you have Missing Money that is being held by the Government. You'll instantly search the National Unclaimed Property database. You can also be connected to every State's Unclaimed Property Agency so you can contact them by email or telephone to receive personal service in retrieving your money.
Remember the service is Free and there is a 30% chance that you'll find some Missing Money.