How do I redeem U.S. savings bonds?
by admin ~ January 22nd, 2006 . Filed under: Personal Finance .
kosmoistheman asked:
My daughter has roughly $1,200 in savings bonds, most have not reached maturity yet but since she’s only getting 4%, she wants to try her hand at a more lucrative investment. How do I go about redeeming the bonds? Is there a website you could recommend? Do I take them to my bank? Any help would be great appreciated and I will reward you with the 10 points for best answer.
Doreen Huski
My daughter has roughly $1,200 in savings bonds, most have not reached maturity yet but since she’s only getting 4%, she wants to try her hand at a more lucrative investment. How do I go about redeeming the bonds? Is there a website you could recommend? Do I take them to my bank? Any help would be great appreciated and I will reward you with the 10 points for best answer.
Doreen Huski
January 23rd, 2006 at 10:58 pm
All your answers are here:
January 24th, 2006 at 5:03 am
Take them to any bank, they will redeem them.
January 26th, 2006 at 1:20 pm
“You should be able to cash those bonds at your local bank; you just need to show proper identification and prove that you’re entitled to cash them. By the way, these rules also apply to cashing in Series I savings bonds, not just the Series E variety.”
Quote from a DollarDiva article.
Also, check out the answer to question 5 here:
January 29th, 2006 at 11:23 pm
I cashed mine in at my local bank. So any bank will cash it in for you.
January 31st, 2006 at 7:31 am
The longer you keep them the more they will mature and the more there worth. Call your bank and ask them how long it will be before they mature. You can cash them at the bank.
February 2nd, 2006 at 4:06 pm
You can take them to any bank as long as you remember to bring proper id, two forms, they will cash them for her. She may do better by putting her money into a CD at 5%-5.5% interest. See a personal banker at a bank near you for more advice.
February 5th, 2006 at 10:43 pm
Bank could give you the value of redemtion or this website.