Cash Series EE savings bonds at a financial institution.
When you invest in a Series EE savings bond, you have a reliable form of savings that you can use to fund a variety of activities. Savings bonds also make suitable gifts. A savings bond will accrue interest over a period of years. When you redeem your Series EE savings bond, you will receive the original price of the bond plus any interest that accrued over the life of the bond. Check the value of your bond before you redeem it to ensure it is wise to cash it.
Instructions
1. Visit TreasuryDirect.gov to use a savings bond calculator. Click the blue "Get Started" link to open the calculator. Enter the denomination of your bond, the serial number and the issue date into the blank fields. Click the blue "Calculate" button to find the value of your savings bond.
2. Take your Series EE savings bond to a financial institution. Use a financial institution with which you have an account for the easiest transaction. If you do not have an account with the financial institution, be prepared to provide identification to prove your identity.
3. Present the savings bond to the bank. You must be an owner or a co-owner of the savings bond in order to redeem it. If you are not the owner or co-owner of the savings bond, you must prove that you are entitled to redeem it. These special circumstances include being the beneficiary of a deceased savings bond owner or being the parent of a minor savings bond owner. The financial institution may request a death certificate, in the case of a deceased owner. A parent may have to sign the back of the bond to certify a child is too young to redeem the bond in the case of a minor owner.
4. Sign the back of the savings bond in the presence of the financial institution to redeem it. You can redeem as much as $1,000 of savings bonds at one time. If you wish to redeem more than $1,000 of savings bonds at one time, you will have to sign the bond at the financial institution, include your Social Security number, and mail the savings bonds to a special Treasury Retail Security Site to process your savings bond redemption. Visit the TreasuryDirect.gov site locator page to find the site that is nearest to you.
5. Keep receipts from the savings bond you redeemed, because you will need to fill out tax information about the interest you accrued on your bond. You may receive an IRS form at the time you redeem the bond, or you may receive the tax form when the tax year ends.
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