| Postal Savings System 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, hundreds of thousands of U.S. Postal
Savings System Certificates and U.S. Postal Savings
Bonds went unredeemed.
For
information on unclaimed Postal Savings System Bonds
and Postal Savings Certificates click here: US Postal Savings System
US Postal
Money Orders
The US
Postal Service reports over $25 million each year in
uncashed postal money orders. No name or address
records are kept for purchases of domestic money
orders, so the USPS will not contact you if a money
order is not cashed.
Copies
of paid domestic U.S. Postal money orders can be
obtained for up to 2 years after the pay date. If a
money order is lost or stolen prior to being cashed,
it can be replaced. Records of owner names and
addresses are available for purchasers of
International Money Orders, which are valid for
ninety days after issue.
Because
the funds are held by an agency operating under the
auspices of the U.S. Federal government, your name
will not appear in a state unclaimed property
database search. For information on replacement or
refund of uncashed postal money orders complete the
form below for our Special Report: US Postal
Service Money Order Refunds
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