Ask the Dolans: Should I cash in EE savings bonds?

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Ken and Daria Dolan, America's first family of personal finance, answer your questions every Friday.

Click here to ask Ken and Daria your question.

There are billions of dollars worth of E and EE savings bonds tucked away in safety deposit boxes and laying at the bottom of drawers around the country. There is more than $700 million worth of savings bonds out there! Savings bonds used to be the investment of choice for people who had a small amount to invest or who wanted to give a small gift. Find out if yours are still paying interest, what they are worth and whether you should cash them in.

Dear Ken and Daria,

I have some EE savings bonds from 1986. I'm wondering, do these still pay interest? If I cash them in, will I have to pay any taxes? Please tell me if you think these are a good investment. Thank you.

--Gene

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