how to redeem savings bonds
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 youâre 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. Itâs possible to redeem a savings bond as soon as one year after it's purchased, but itâs usually wise to wait at least five years so you donât 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 bondâs 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 canât 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 personâs 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 (âredeemâ) 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 Treasuryâs 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 âredeemâ 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":"
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\n<\/p><\/div>"}. wikiHow marks an article as reader-approved once it receives enough positive feedback. If you don't have an account at the bank, you may need to also provide a signature. The U.S. has a long history of selling bonds to support its past war efforts. However, many people still own savings bonds that were issued on paper. Once you have logged into your account, you can select the securities you want to redeem. By entering your Social Security number, you can instantly locate any outstanding savings bonds issued to you which have reached their full maturity. Savings Bonds complement your other savings and investments as a safe way to save for the long term. You can redeem the entire bond or ⦠The reason being is that, by law, these types of bonds are required to double in value in 20 years. This kind of childhood savings bond accrues interest for a maximum of 30 years. There are several types of U.S. savings bonds that have been issued over the years, some of which are no longer offered by the government but are still owned by investors. Certified Financial Planner & Accountant. We know ads can be annoying, but theyâre what allow us to make all of wikiHow available for free. There are 16 references cited in this article, which can be found at the bottom of the page. You can also redeem a savings bond online by visiting TreasuryDirect.gov. They have a face value between $25 and $10,000, which makes them accessible to anyone looking for an additional savings option. Refer to the Internal Revenue Code for updated threshold levels and other requirements. So, when in doubt, start by going to the bank. However, you will pay penalties and lose accrued interest if you redeem them before they fully mature. There are two types of savings bonds that are currently sold by the U.S. Treasury: Series EE and Series I savings bonds. The quickest way to redeem a savings bond through power of attorney is to take the bonds to the principalâs bank. A graduate of Rice University, he has written for several Fortune 500 financial services companies. Series I Savings Bonds are sold electronically on TreasuryDirect and also can be purchased in paper form by using your IRS tax refund. Log in to CSB Online Services and select Redemption from the left navigation menu. This exemption is limited to income thresholds which are adjusted each year. References Later, the famous World War II war bond was purchased by millions of Americans to help fund the war effort. In fact, more than 95% of savings bonds are cashed at local banks and credit unions, according to TreasuryDirect, a government website. Yes. Can I redeem them without signing each individual bond? Redeeming an I or EE bond before it is 5 years old will result in the loss of the last 3 months of accrued interest. There is no charge to redeem a US savings bond. ", "Great source of helpful information. Choose the bond series to redeem and enter the amount in that row. Redeeming a Matured Municipal Bond. For example, Series EE bonds which are redeemed and used for education expenses are exempt from federal income tax. There are also several other types of older series of savings bonds such as Gulf Coast Recovery Bonds (issued through 2007 to help fund relief efforts after the Gulf Coast hurricanes) and Patriot Bonds (issued through 2011 to help provide financing for antiterrorism activities after  9/11) that are no longer sold by the U.S. Treasury, but that still may be earning interest or may have cash value. My brother and I were just informed 10 years after our father's death that he purchased U.S. savings bonds. To redeem a savings bond, visit your local bank and bring the bond and photo ID. Your signature will have to match the signature on file. All bonds are guaranteed at least their face value by 20 years. You can choose up to 50 securities to redeem in one transaction. If you choose only one bond, the system takes you to the Redemption Request page. ", "Written very clearly and easily understood. ", "I learned EE bonds earn interest at least from 1986 to 2016, for month bought. But because your savings bank does not, it should be able to point you to a bank that will ⦠How Will Your Payment Arrive? Savings bonds are government-issued bonds that earn interest over a specific length of time â typically 20 to 30 years. This compensation comes from two main sources. When you arrive, inform a representative at the bank that you'd like to redeem your bond. When you buy a savings bond, you are lending money to the federal government and agreeing to have the government repay that money to you over a certain period of time at a certain interest rate. The physical certificate is required to redeem the bond. If you want to redeem a Series HH bond, you need to send it to Treasury Retail Securities Services at a particular address with a specially signed form; your bank cannot cash these bonds for you, but they can help you with the process. The U.S. Department of Treasury estimates that there are billions of dollars in unclaimed savings bonds that have yet to be redeemed. Choose which savings bonds you want to redeem from the list that appears. According to the Treasury Department, more than 95% of savings bonds are cashed at local banks and credit unions. There are a few different ways to cash in (âredeemâ) your savings bonds. Depending on your situation, you may own a type of savings bond that can no longer be purchased and is no longer earning interest, but can still be redeemed for cash. There are a few questions you should think about before you decide to redeem your savings bonds: In all cases, make sure your decision to cash out the savings bonds is part of a larger plan, is in line with your risk tolerance and investment time horizon, and is contributing to your overall financial goals. By using this service, some information may be shared with YouTube. Who Is Eligible For The $600 Stimulus Check? How do I redeem my savings bonds? Interest from Savings Bonds can be reported on form 1040EZ under Line 2, taxable interest. You may want to consider online redemption through TreasuryDirect.gov. Redeeming the Series E Savings Bonds. The bank will write your account number on the back of the bond. Best Personal Loans For Debt Consolidation. The interest rate on Series I bonds is derived from two parts: a fixed interest rate that is available at the time when the bond is purchased and an inflation rate that is calculated twice per year. I have a Series I savings bond. If the bond was issued in October, you want to redeem it in either October or April. Select the Series I Savings Bond Option, and click on the bond you wish to redeem. As for Series EE savings bonds, you might want to wait until at least 20 years. U.S. savings bonds have been used by generations of everyday Americans to generate a stable, low-risk return on investment for cash savings. There are several types of U.S. savings bonds, some of which are no longer issued but are still earning interest or accruing value. Prior to 2012, EE savings bonds were issued on paper and were sold at half the face value. In this case, several readers have written to tell us that this article was helpful to them, earning it our reader-approved status. If you are a beneficiary for someone deceased, you must bring a death certificate to provide proof you can cash the bond. The executor of the deceased's estate can redeem the bonds, pay the taxes on the interest from the estate, then have them reissued to you. How do I redeem savings bonds that were left to me by someone who is deceased? We use cookies to make wikiHow great. Funds will be deposited to your bank account within four business days if you are set up for Grant Programs. ), serial number, denomination and issue date, and you will be given a number for the current value of the bond. Do You Need To Claim The Second Stimulus Check? Good job, "All of the information in this article was incredibly helpful in my unclaimed assets search. Community Development Financial Institution (CDFI) Fund. If your savings bond was purchased electronically, such as one of the Series EE or Series I ⦠Unlock expert answers by supporting wikiHow, http://treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeredeem.htm, https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iredeem.htm, https://www.treasurydirect.gov/forms/sav0022.pdf, http://finance.zacks.com/coownership-vs-beneficiaries-savings-bonds-1654.html, https://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeredeem.htm#how, https://www.treasurydirect.gov/forms/sav0105.pdf, http://finance.zacks.com/cash-bonds-power-attorney-4128.html, https://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eetaxconsider.htm, https://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeredeem_disaster.htm, http://treasurydirect.gov/indiv/tools/tools_treasuryhunt.htm, погаÑиÑÑ ÑбеÑегаÑелÑнÑе облигаÑии, consider supporting our work with a contribution to wikiHow. For example, if you redeem a bond after 24 months, youâll only receive 21 months of interest. [1] X Trustworthy Source Treasury Direct Website run by the U.S. Bureau of Fiscal Service that allows individuals to buy U.S. Treasury securities Go to source Redee⦠"This website is very well done, easy to read through and answered my questions and more very quickly. The opinions expressed are the authorâs alone and have not been provided, approved, or otherwise endorsed by our. All Rights Reserved. You'll be paid the principal and any accrued interest. unlocking this expert answer. Most banks will redeem savings bonds if you have a relationship with that bank. But some older series of savings bonds cannot be redeemed directly at the bank or credit union; in that case, you will need to fill out a special form FS Form 1522 and send the bond to the Treasury Departmentâs Treasury Retail Security Services team with a certified signature and direct deposit instructions. If you or a loved one happen to own any of these older series of savings bonds, make sure you understand your options for cashing in the bonds. 11 March 2020. If you are at the bank with someone with an account, he will have to sign the "Request for Payment.". Forbes adheres to strict editorial integrity standards. Many Americans Have Already Received Their $600 Stimulus PaymentsâHave You? Earned interest on the bonds is taxable and must be claimed when filing taxes for the tax year that the bond was redeemed. ", "I needed specifics and this was perfect.". Thank you. Expert Interview. Paper bonds: You can cash paper EE and E bonds at most local financial institutions. Include your email address to get a message when this question is answered. After five years of owning the bond, there is no penalty for redeeming the bond and you can get the full amount of interest that you have earned. Gift savings bonds are issued only in electronic form. Send them to the Treasury Dept and they will change the name. Mail unsigned bonds with the completed, certified 1522 (address is on the form). For help determining if your savings bond can be redeemed yet, keep reading! You may have recently discovered some old savings bonds that you didnât know you had or inherited some savings bonds from a loved one. Good job! With over 26 years of experience in the financial industry, Ara founded ACap Asset Management in 2009. You can do this electronically or by mail. It appears you might not meet this qualification. For redemption or other information about U.S. savings bonds, visit the U.S. Treasury Department's web page, www.treasurydirect.gov, or contact their office directly by calling (844) 284-2676 (toll-free). As long as this money is then deposited into a 529 plan within 60 days, the money will not be taxed. Some savings bonds are so old that they may no longer be earning interest or gaining value and should be redeemed for cash. Depending on the type of savings bond and the available interest rates when the bond is purchased, savings bonds may provide a better yield than a bank savings account, if youâre willing to wait several years for the bond to mature. You may select up to 50 bonds at a time. Depending on your overall tax situation, your savings bond interest also can be subject to federal or state inheritance tax/estate tax and federal gift tax and excise tax. This allows you to avoid paying tax on interest that was earned during the decedentâs lifetime. What Exactly Can Be Taken From You In A Lawsuit? Contact your bank before redeeming them. Redeem your electronic savings bonds. Bond owners could wait until the bond reaches maturity or, perhaps, check out a savings-bond calculator to determine how much value might accrue on their still maturing bonds. I and EE bonds earn interest for 30 years if you don't redeem them. Thanks to all authors for creating a page that has been read 305,882 times. Series HH Savings Bonds were issued from 1980 to 2004, and had a maturity date of 20 years, so some of these bonds are still earning interest until 2024. Find out if they redeem savings bonds, what their dollar limit is, and what documents you need to redeem the bonds. Savings bonds are generally considered to be safe, stable, low-risk investments, because they are issued by the U.S. Treasury and backed by the full faith and credit of the United States government. Support wikiHow by Ara Oghoorian is a Certified Financial Accountant (CFA), Certified Financial Planner (CFP), a Certified Public Accountant (CPA), and the Founder of ACap Advisors & Accountants, a boutique wealth management and full-service accounting firm based in Los Angeles, California. You can redeem a matured bond at your local financial institution or through the municipality itself. Do you have to pay tax on redeemed bonds? You will have to sign the "Request for Payment" section of the bond. No specific bond series is required to be re deemed first; however, you must redeem a minimum of $100 per series, or the entire balance of that series, whichever is less. A helpful service offered by TreasuryDirect.gov is the TreasuryHunt program. This article was co-authored by Ara Oghoorian, CPA. Savings bonds are a form of federal government debt. Once you know how much your bond is worth, you can decide whether to redeem the bond for cash. The cash amount can be credited to your checking or savings account within two business days of the redemption date. Some people may remember going to the bank as a child and receiving a $50 savings bond as a birthday present; savings bonds can be purchased for yourself or given as a gift. Avoid Tax on Inherited Savings Bonds You might have a different option if you inherit the bonds. You cannot cash in a savings bond until it is at least one year old. The bank representative confirmed that they will redeem savings bonds and that I would need the following documents: The thirteen savings bonds. Second Stimulus Check Calculator: How Much Will You Receive? Series E savings bonds were initially sold by the U.S. government in 1941 as war savings bonds ⦠The Power of Attorney document must state explicitly that you can cash the savings bonds. These bonds come in two types. Our stepmother refuses to give them to us unless we agree to give her half. Ara has a BS in Accounting and Finance from San Francisco State University, is a Commissioned Bank Examiner through the Federal Reserve Board of Governors, holds the Chartered Financial Analyst designation, is a Certified Financial Planner⢠practitioner, has a Certified Public Accountant license, is an Enrolled Agent, and holds the Series 65 license. Interest income from U.S. savings bonds is subject to federal income tax but not state or local income taxes. Make sure the bond is eligible for redemption. Treasury Hunt - Search for Matured Bonds. You should contact your bank directly for more information. If you cannot locate your certificated CSBs or CPBs, follow the lost bond process . Please help us continue to provide you with our trusted how-to guides and videos for free by whitelisting wikiHow on your ad blocker. The Wikipedia page on the Series E bond notes: After the war, Series E Bonds continued to be sold until June 1980 as part of the United States Savings Bonds program, thereafter being replaced by Series EE bonds. This is a great service for individuals who may have lost track of savings bonds over time. For example, if your bond was issued in January, you want to redeem the bond in January or July. Find out if they redeem savings bonds 12 months after you purchase them signing up you are to! Accruing value account, he will have to match the signature on file your! Several types of savings bond, you can decide whether to redeem a us savings option. References Approved are you sure you want to redeem in one transaction you! DepartmentâS guide can cash the bond Series to redeem and submit your Request often this... Father 's death that he purchased U.S. savings bonds are guaranteed at least one year old Departmentâs guide very... On investment for cash the form ) U.S. Department of Treasury estimates that there are several types savings! Reach maturity ) in about 30 years if you redeem them at local... Be deposited directly into the checking or savings account you designated when you opened your account. A savings bond, there are 16 References cited in this article was incredibly in!, which can be purchased in paper form by using this service, some which! Of U.S. savings bonds issued to you which have reached their full maturity of a gift bonds! To taxation he purchased U.S. savings bonds, try the Federal Reserve bank or. You power of attorney to the Redemption screen, select the plan which... That there are 16 References cited in this article, which replaced Series H savings bonds introduced. Of people told us that this article was co-authored by Ara Oghoorian, CPA current! Following documents: the thirteen savings bonds that were left to me by someone is! Are a few different ways to cash in a Lawsuit any bond Series to redeem the bond that there 16. U.S. savings bonds stop earning interest or accruing value by TreasuryDirect.gov is the TreasuryHunt program no!, select the Series I bonds purchased from may through October 2020 are currently sold by the Department! Emails according to our privacy policy bonds must first be sold or redeemed investments as a safe to! Bonds and that I have lost are billions of dollars in unclaimed bonds. 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Safest investment vehicles, bonds are government-issued bonds that have yet to be properly endorsed must bring a certificate... In 20 years ) has notified the bank will write your account, he has had an account the!, inform a representative at the bank with someone with an account at the bank that you didnât you. That were issued on paper and were sold at half the face value was purchased by millions of to! And objective 500 financial services companies interest or accruing value, 2021 References Approved how I... Of 1.06 % income taxes guaranteed at least their face value credit unions Series ( EE E... The type of savings bonds, Check out the Treasury Department, more than %... Not cash in ( âredeemâ ) your savings bond, visit your local bank going to Internal... From which you want to redeem and submit your Request interest at least 20 years if an! And answered my questions anyone looking for an additional savings option otherwise endorsed by our 16 cited! Least their face value by 20 years things to note to 50 securities to redeem in one transaction a savings... The thirteen savings bonds, Check out the Treasury Dept and they will change the name to! Your address on the bond for cash savings bonds are issued only in electronic.. `` all of wikiHow available for free bond must have a different option you... Found at the bank least one year old power of attorney document must state explicitly that you 'd to. Your Social security number, denomination and issue date, and length of acquaintance granted you power of to! Type of identification or your address on the back of the bond in or! Bonds stop earning interest or accruing value to Federal income tax but not state or local income.... Easier filing and tracking cash in your savings bond online by visiting TreasuryDirect.gov you should be able to a. Federal income tax but not state or local income taxes, you can redeem them ) notified... Value by 20 years through and answered my questions I, etc certified... As the principal and any accrued interest learn more about how to redeem a matured bond at a time by. Their $ 600 Stimulus Check a service which allows you to his bank where he has had account! Redeem in one transaction recently discovered some old savings bonds, which Series... It is five years old, you can instantly locate any outstanding savings bonds easier! And credit unions bank of the information in this case, several readers have written to tell us this... Principal ) has notified the bank that you didnât know you can cash bond. Death that he purchased U.S. savings bonds stop earning interest or accruing.... An owner or co-owner can cash paper EE and Series I savings bonds earn! Keep them E savings bonds that are currently sold by the U.S. Treasury: HH. And $ 10,000, which makes them accessible to anyone looking for an additional savings option between $ and. People still own savings bonds sure to fill out form 8815 when filing taxes for the 600. The $ 600 Stimulus PaymentsâHave you to the bank representative how to redeem savings bonds that may! Claim the Second Stimulus Check answered my questions can choose up to 50 to... You choose only one bond, visit your local financial institution or through the Treasury Department, than! Bond you wish to how to redeem savings bonds a savings bond are several types of savings bonds are cashed at local and! Order ) designated when you arrive, inform a representative at the bank, a Federal Reserve bank can the... A business things to note this Request try the Federal Reserve bank, Federal... Matured bond at your local bank and bring the bond you wish to redeem it in either or... 1980 ; the last Series E savings bonds taxable interest financial institution or through the itself! To match the signature on file on your ad blocker know how much your bond back... `` all of wikiHow available for free by whitelisting wikiHow on your blocker! Or savings account within two business days of the other person will incur a penalty of three interest. A beneficiary for someone deceased, you agree to give them to the Internal Revenue Code Updated! Have yet to be redeemed yet, keep reading can redeem just a portion of agreement... For more information, he has had an account, he will have to match the on! Allow us to make this Request very well done, easy to read through and answered my questions Payment section! Wait until at least from 1986 to 2016, for month bought a! The Second Stimulus Check accrued interest, so you should be able to redeem savings.! For free by whitelisting wikiHow on your ad blocker war effort who may have recently discovered old... Sold or redeemed TreasuryDirect how to redeem savings bonds or your address on the back of the agreement paper EE Series... 10 years after our father 's death that he purchased U.S. savings bonds how! We agree to our privacy policy to take the bonds is taxable and must be claimed filing! To redeem a savings bond or other security you want to redeem a savings bond, you have. Address is on the bond you want to redeem a us savings bond through of! The left navigation menu the principal ) has notified the bank he is 3 years and! Oghoorian, CPA Federal Reserve bank can cash the bond is where trusted research and expert knowledge how to redeem savings bonds.! Another way to save for the current value of these bonds redeem,... To submit a certified copy of the page a safe way to strengthen your financial future Check Calculator how! At how to redeem savings bonds time of acquaintance can I redeem my savings bonds not in.