Cash EE or I savings bonds — TreasuryDirect (2024)

This page is only about Series EE and I savings bonds. For other bonds:

Cashing in HH savings bonds

Cashing old bonds from other series

For these special situations, you want a different page.

Affected by a disaster

Death of a savings bond owner

Living estates (where a court has appointed a legal guardian for someone who owns bonds)

Trusts (where a trustee wants to cash savings bonds)

You can get your cash for an EE or I savings bond any time after you have owned it for 1 year.

However, the longer you hold the bond, the more it earns for you (for up to 30 years for an EE or I bond).

Also, if you cash in the bond in less than 5 years, you lose the last 3 months of interest.

Electronic EE or I savings bonds

How do I know how much my bond is worth? Go to your TreasuryDirect account.

Check under Current Holdings.

How much can I cash at one time? Any amount of $25 or more to the penny.

If you cash only part of what a bond is worth, you must leave at least $25 in your account.

If you cash only part of what a bond is worth, you get the interest only on the part you cash.

How do I cash my electronic bonds?
  1. Go to your TreasuryDirect account.
  2. Go to ManageDirect.
  3. Use the link for cashing securities.
When will I get a form for my tax return?

The 1099-INT that you need for your tax return will be available in your TreasuryDirect account in January of the year after you cash in the bond.

See more in Tax information for EE and I savings bonds.

Paper EE or I savings bonds

Note: Do not buy savings bonds from someone else or in an online auction site. You cannot cash them. You can only cash bonds that you own or co-own unless you have legal evidence or other documentation that we accept to show you are entitled to cash the bond.

How do I know how much my bond is worth? Use our Savings Bond Calculator.
How much can I cash at one time? Note: You cannot cash part of a paper savings bond. A paper savings bond must be cashed for its entire value.

At a bank: Banks vary in how much they will cash at one time – or if they cash savings bonds at all.

With us: We have no limit on the value or number of savings bonds you can cash at one time as long as the bonds meet the requirements for cashing.

How do I cash my paper savings bonds? Information for special circ*mstances:

Cashing savings bonds outside the United States

Cashing a young child's bond

Cashing your (adult's) bonds in the United States

At a bank where you have a bank account: Contact them. Ask:

  • Will they cash your savings bonds
  • How much will they cash at one time
  • What identification or other documents do you need

With us:

  • Get FS Form 1522.
  • Fill it out.
  • Get your signature certified, if necessary.
  • (If the value of the bond(s) you are cashing is more than $1,000, you must have your signature certified. See FS Form 1522 for more about the signature requirements.)
  • Send the form and the bonds to us at the address on FS Form 1522.
When will I get a form for my tax return? At a bank: If a bank cashes your savings bond, they are responsible for getting you a 1099-INT. They may give or mail you the 1099-INT as soon as you cash the bond or they may wait until the following January.

With us: If we cash your paper savings bond, we mail you the 1099-INT the following January.

See more about tax information for EE and I savings bonds.

Can I authorize someone else to cash my bonds? You can authorize an attorney-in-fact to cash your bonds. See our instructions for an attorney-in-fact.
What if I'm not sure if a paper EE or I savings bond has already been cashed or replaced? If you are not sure because you got the bonds when someone died, see Death of a savings bond owner.

Otherwise, check with your bank. They may be able to tell you.

If they can't tell you and you are the owner or co-owner of the bond, write to us.

  • Include the serial number(s) of the bond(s).
  • Do NOT send the actual bonds.

  • Sign the letter.
  • Mail the letter to

    Cash EE or I savings bonds — TreasuryDirect (1)

    Treasury Retail Securities Services
    P.O. Box 9150
    Minneapolis, MN 55480-9150

Cash EE or I savings bonds — TreasuryDirect (2024)

FAQs

How do I cash a savings bond on TreasuryDirect? ›

Note: United States Savings Bonds must be held for a minimum of one year from their issue date before they are eligible to be redeemed.
  1. Log into your primary TreasuryDirect® account.
  2. Click the ManageDirect® tab at the top of the page.
  3. Under the heading Manage My Securities, click "Redeem securities".

Can you cash in redeem an EE or I savings bond? ›

You can get your cash for an EE or I savings bond any time after you have owned it for 1 year. However, the longer you hold the bond, the more it earns for you (for up to 30 years for an EE or I bond). Also, if you cash in the bond in less than 5 years, you lose the last 3 months of interest.

How do I sell I bonds on TreasuryDirect? ›

The process for selling your I Bonds is quite similar to how you bought your I Bonds. Log in to your TreasuryDirect account, select the bonds you want to cash, and follow the on-screen instructions. The money will be deposited directly into your linked bank account.

Is it a good time to cash in EE bonds? ›

If you want full value, you should hold the Series EE bonds at least until maturity, and if you want extra, you can hold them until 30 years. But once 30 years have passed, it's a good idea to cash them in because you won't get any extra benefit.

What is the best way to cash in savings bonds? ›

The only option for cashing electronic savings bonds is by logging in to your TreasuryDirect account online. If you have paper savings bonds, you can fill out the appropriate form and mail it and the bonds you want to cash to the Treasury Retail Securities Services — the address is listed on FS Form 1522.

How much is a $100 EE savings bond worth after 30 years? ›

How to get the most value from your savings bonds
Face ValuePurchase Amount30-Year Value (Purchased May 1990)
$50 Bond$100$207.36
$100 Bond$200$414.72
$500 Bond$400$1,036.80
$1,000 Bond$800$2,073.60

Are EE bonds taxed when cashed? ›

Key Takeaways. Interest from EE U.S. savings bonds is taxed at the federal level but not at the state or local levels for income. The interest that savings bonds earn is the amount that a bond can be redeemed for above its face value or original purchase price.

Is cashing in EE bonds taxable? ›

I cashed some Series E, Series EE, and Series I savings bonds. How do I report the interest? In general, you must report the interest in income in the taxable year in which you redeemed the bonds to the extent you did not include the interest in income in a prior taxable year.

Do you pay taxes when you cash in EE bonds? ›

If you hold savings bonds and redeem them with interest earned, that interest is subject to federal income tax and possibly federal gift taxes (highly unlikely as the per-person cap is $10,000 and the gift tax exemption is $17,000).

How long does it take to get money from TreasuryDirect? ›

You just bought a security from the U.S. Treasury. Securities are generally issued to your account within two business days of the purchase date for savings bonds or within one week of the auction date for Bills, Notes, Bonds, FRNs, and TIPS.

How do I avoid taxes when cashing in savings bonds? ›

You can report the interest each year you earn it or when you cash the bond. You will report it on Schedule B of your 1040. You can avoid these taxes by using the money for qualified higher education expenses.

Can I cash paper bonds on TreasuryDirect? ›

More flexible than a bank!

Note: We have 2 minimum requirements for cashing bonds: The bond must be at least 1 year old. If you cash only part of what a bond is worth, you must leave at least $25 in your account. You can cash your savings bonds in full or in part. (Paper bonds can only be cashed in full.)

How to cash out iBond? ›

You can do this in a couple of ways: Cash out the bond at your local bank or via TreasuryDirect. You'll need to call your local bank to see if they cash out I bonds and their requirements for doing so. With TreasuryDirect, you can redeem your bonds in a few short steps: Do not sign the bonds.

How do I redeem a Treasury bill on TreasuryDirect? ›

To redeem your bill in TreasuryDirect you don't need to take action. If you do not provide instructions to deposit the security's principal into your C of I, we deposit the principal into your designated bank account. The deposit is made on the day your security matures.

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