How to Redeem EE Savings Bonds
Series EE savings bonds are bonds issued by the federal government that accrue interest over time. Savings bonds are commonly given as gifts for weddings, christenings, birthdays and other special occasions. If you are given a Series EE savings bond and would like to redeem it, you can take it to the bank where you have an account and deposit it or cash it.
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Instructions
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Check the value of your bonds on the United States Treasury website. Enter the bond series, the denomination of the bond, the bond's serial number and the date of issuance into the online form, then click "Calculate." Bonds cannot be redeemed if they are less than one year old. If you are redeeming a bond within five years of its issue, you must pay a penalty of three months' interest.
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Check to see if your bank redeems savings bonds. Many banks will redeem Series EE savings bond, but not all do. Most banks will also require that you have an account with them in order to redeem the bond.
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Endorse the bond. Sign the bond and enter your address and Social Security number where indicated on the back. Do this at the bank to ensure that no one else redeems your bond if it is misplaced.
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Present the bond to the teller. You may have to provide additional identification, such as a driver's license or photo identification card. Request that the bond be cashed or deposited.
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References
Resources
- Photo Credit savings bonds image by judwick from Fotolia.com
