Unclaimed Money - What is Treasury Hunt ? The savings bonds are among one of the many US government securities that provide a safe haven for future savings. Because of its long term nature, most people never live to cash in on the interest or cash the bond. The US government treasury is therefore having thousands of unclaimed savings bonds and the interests. This can run into the millions of dollars. This is why the government of US opened an official website that would help those who have savings bonds to track their maturity dates and the interests accrued. For most people, this is an answer to the so often asked question of what is treasury hunt. Unclaimed treasury
As already mentioned in above, the government of US offers the treasury bonds to raise money for various government programs. This is more like having a local borrowing mechanism to fund the government projects. This is usually is a form of loan that is cheaper than borrowing from the banks. They attract better interest rates to individuals or companies that lend the government by buying the savings bonds. They however take much longer to mature. This can be as long as thirty years or even more as you wait for them to mature. You can only pick the money back after maturity of the bond or transfer them as a gift to another person. This is why most people would totally forget about the investment.
This background tries to explain what is treasury hunt? It is an attempt by the US government to help the bond owners to track their bonds. The process is usually highly protected and you have to follow through the painstaking steps to be able to get access to this information. Even after being informed, you have another elaborate system to get to access the savings and the interest. You can learn more about Treasury Hunt at www.treasuryhunt.gov or unclaimed money org
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