2021-01-12 10:01:56 作者： 所属分类：新闻中心 阅读：0 评论：0

To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. From the Redemption screen, select the Plan from which you want to redeem. The following day I called the bank, which held the estate account, to find out if they redeemed series E savings bonds, and if so, find out about the process. Another way to do this is to submit a certified copy of the power of attorney to the bank. Ara Oghoorian, CPA. For help determining if your savings bond can be redeemed yet, keep reading! You can redeem EE, E, and I savings bonds 12 months after you purchase them. If you are redeeming bonds outside the United States How to Redeem a Savings Bond If you’re ready to cash in your savings bond, there are a few important things to note. An owner or co-owner can cash the bond without the knowledge of the other person. Series HH/H: Series HH bonds, which replaced Series H savings bonds after 1979, were available from January 1980 to August 2004. If you do this, only a Federal Reserve Bank can cash the bonds. I have 102 bonds. ", "It helped a lot explaining the type of bonds and how long to keep them. If you own these types of savings bonds, you might want to redeem them soon. The document must be notarized. Where Is My Stimulus Check? By law, savings bonds never expire, and there is no deadline for owners to redeem them. On the back of the bond, you will enter something like this: I certify that I am the parent of John Doe with whom John Doe resides/to whom legal custody has been granted. Other savings bonds can be redeemed for cash at any time, but the bondholder might not receive the full cash value amount of the bond if they decide to redeem their savings bonds before a certain time frame. If the bank won't redeem your bonds, try the Federal Reserve Bank. Electronic bonds: Log in to TreasuryDirect and follow the directions there. Series EE pays a fixed rate of interest for 30 years. If you have an older paper bond, you can use the free calculator tool on TreasuryDirect to figure out the value of your bond. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. To redeem savings bonds online, log into TreasuryDirect and click on the Savings Bonds link. It’s possible to redeem a savings bond as soon as one year after it's purchased, but it’s usually wise to wait at least five years so you don’t lose the last three months of interest when you cash it in. Buy, Manage, and Redeem. However, you must redeem a minimum of $25 at a time, and you need to leave at least $25 in your TreasuryDirect account. U.S. savings bonds are a relatively safe way to strengthen your financial future. Redeeming savings bonds is simple. For example, it cannot be landlord-tenant or a patron from a business. Cashing Savings Bonds in Disaster-Declared Areas. Most financial institutions will redeem your savings bonds. The person with the account must have a legitimate connection to the person cashing the bond. For example, you could buy a bond for $100 and it would be worth $200 when redeemed after a certain period of time. Send us a signed FS Form 1522 (download or order). To redeem a series EE or I savings bond without paying taxes on all or some of the interest, you must pay qualified education expenses by the end of the same tax year the bond is redeemed. You might be wondering how to redeem your savings bonds or what the implications are: Is it still worth holding on to an older savings bond from years ago, or should you cash it in now? Bonds purchased from May through October 2020 are paying an interest rate of 0.10% and are sold at face value (you buy a $100 bond for $100 of cash). Social Security and savings bonds: 2 Q&A's First, Wenner says, the savings bonds must be series EE bonds issued after 1989 or series I bonds. Benefits. He is 3 years old and is not of sufficient understanding to make this request. No, each bond will need to be properly endorsed. % of people told us that this article helped them. By using our site, you agree to our. It might be helpful if you have some kind of record of purchase, such as a pay stub that shows a deduction for bonds. In the interim, you can hold the bond in the Gift Box area of your TreasuryDirect account. ", "Very informative, answered all my questions. Enter the bond’s series (EE, I, etc. Before redeeming a savings bond, make sure you understand the details of your particular savings bond and are ready to deal with possible interest penalties or tax implications. Approved. Most savings bonds stop earning interest (or reach maturity) in about 30 years. Since savings bonds earn interest over time, many recipients opt not to redeem their bonds before that initial five-year mark has passed. If you are a parent or guardian, you must bring a birth certificate or other identification materials if you wish to cash the bond for your child. If you own a savings bond that was purchased electronically on TreasuryDirect, you should be able to see all the details about the value of your bond at your online account. If you really can’t stand to see another ad again, then please consider supporting our work with a contribution to wikiHow. The value of a savings bond depends on a few factors: what type of savings bond it is, when it was issued and whether it was sold at face value or as a percentage of face value. Pay for Results (SIPPRA) RESTORE Act. Even if your bank or credit union cannot cash an older bond for you, or if you have special circumstances like needing to redeem a bond that was inherited as part of a deceased person’s estate, the bank will typically be able to help you understand the process for redeeming the bond and can certify your signature on the Treasury form. There are a few different ways to cash in (“redeem”) your savings bonds. If a child is old enough to sign his or her own name, they can go to the bank and sign the bonds while accompanied by an adult. To redeem, submit your request by the closing date through the following channels: Cash investments - DBS/POSB, OCBC and UOB internet banking or ATMs, and OCBC's mobile application. Can I redeem savings bonds in different countries? Last Updated: January 5, 2021 It makes redeeming bonds significantly easier. Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Frequently Asked Questions. The Treasury’s Savings Bond Wizard at TreasuryDirect.gov will let you calculate the exact value of these bonds. Canada Savings Bond Redemption Guide. You will need to select the type of savings bond or other security you want to redeem and submit your request. By signing up you are agreeing to receive emails according to our privacy policy. Click on the “redeem” button in the next screen (please note: if the bond is less than one year old, there will not be a redeem button). The recipient of a gift savings bond must have a TreasuryDirect account before you can deliver the bond to him or her. You can also have an identifier take you to his bank where he has had an account for 6 months. You both will be required to give name and address, relationship, and length of acquaintance. {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/8\/82\/Redeem-Savings-Bonds-Step-1-Version-2.jpg\/v4-460px-Redeem-Savings-Bonds-Step-1-Version-2.jpg","bigUrl":"\/images\/thumb\/8\/82\/Redeem-Savings-Bonds-Step-1-Version-2.jpg\/aid1357749-v4-728px-Redeem-Savings-Bonds-Step-1-Version-2.jpg","smallWidth":460,"smallHeight":345,"bigWidth":728,"bigHeight":546,"licensing":"