How to Redeem Series E Bonds
Beginning in the 1940s, the United States issued Series E Savings Bonds. According to TreasuryDirect, the government website that addresses bonds, the last Series E Savings Bonds were issued in 1980, and they are no longer issued today. Series E Savings Bonds were issued in numerous different face values ranging from $25 to $10,000. The bonds were sold at 75 percent of their face value. Thus, a $100 bond was purchased for $75. Series E Savings bonds have matured and are no longer earning interest. Hence, other than nostalgia or sentiment, there is no financial reason to hold them. Series EE bonds replaced series E bonds.
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Instructions
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Click on the "Get Started" button on the Savings Bond Calculator page on the U.S. Government TreasuryDirect website.
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Pull down the dropdown menu labeled "Series:" to "E Bonds".
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Pull down the dropdown menu labeled "Denomination:" to the denomination of your bond.
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Type the date your bond was issued into the box marked "Issue Date:." Use the format mm/yyyy for the issue date. You can leave the "Bond Serial Number:" box empty.
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Click on the "CALCULATE" button. Your bond's value will be displayed.
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Take your bond to a local financial institution, such as a bank, that redeems bonds. Many banks provide this service, but it would be wise to call ahead to make sure. If not, try another bank.
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Redeem your bond at the bank. You will need to bring the bond, and you will need to show them a driver's license or other official identification. Make sure they give you the full amount you calculated that your bond is worth.
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Tips & Warnings
Series E bonds are no longer earning interest. From a financial perspective it is wise to redeem them and invest the money in Series EE or Series I bonds, or some other investment that will earn money for you.
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Resources
- Photo Credit 100-dollars bonds image by Olena Kucherenko from Fotolia.com
