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A police traffic stop in suburban Chicago turned into federal charges after cops found law enforcement badges and about $800,000 in counterfeit U.S. Savings Bonds in the driver’s car, according to a newly-filed criminal complaint. Robert R. Krilich, 58, is charged with possessing a counterfeit U.S. security intending to defraud. Rosemont police pulled Krilich over on Tuesday afternoon because they didn’t see a license plate on his car, officials said. Things snowballed from there. First, Krilich told the officers that he just picked up his car from O’Hare after returning from Las Vegas, and he believed someone stole his plates...

NEWS: The initial interest rate on new Series I savings bonds is 7.12 percent. You can buy I bonds at that rate through April 2022.

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Purpose. Since 1935, the Department of the Treasury (Department) has issued savings bonds to the American public. Backed by the full faith and credit of the United States Government, these bonds are extremely safe investments that were designed to be accessible even to inexperienced investors. Indeed, over the years, savings bonds have proved to be a popular birthday or graduation gift, helping introduce younger Americans to the rewards of investing in our...

Treasury is phasing out the issuance of paper savings bonds through traditional employer-sponsored payroll savings plans. As of September 30, 2010, federal employees will no longer be able to purchase paper savings bonds through payroll deduction. The end date for all other (non-federal) employees is January 1, 2011.

WASHINGTON (AP) - It is time to dig into the sock drawer in search of that savings bond from Aunt Martha. The Treasury Department announced Tuesday that it has launched a program to convert existing paper bonds into electronic securities. The program, dubbed SmartExchange, isn't mandatory, but Treasury officials are hoping that holders of the existing 760 million paper bonds will take them up on their conversion offer. "Exchanging paper for electronic securities marks another step in moving savings bonds from a paper-based, labor intensive program to an all-electronic product," Van Zeck, the Treasury's commissioner of the public debt, said...

Was wondering if buying savings bonds, "I" series, are worth the $$$$$ spent??Your inputs will help. THANKS!!