Redeeming Series EE and Series I Savings Bonds

Redeeming Series EE and Series I Savings Bonds!

Series EE and Series I savings bonds can be reedeemed when the bonds are 12 months old. You will receive the purchase price plus any interest accrued. If you redeem a Series EE or Series I savings bond before it is 5 years old, you will lose 3 months of accrued interest.

You can cash your Series EE and Series I Bonds at most local financial institutions. If you're not listed as the owner or co-owner on the bonds you're redeeming, you'll have to establish that you're entitled to redeem the bonds. It's always a good idea to check with your financial institution before presenting the bonds for payment to find out what identification and other documents you need.

When a bond is redeemed, an IRS Form 1099-INT is issued, either at the time of redemption or at the end of the tax year, to the person who redeemed the bond.

If you are unsure if the savings bond has been redeemed, the United States Treasury can lookup the status of the bond. To do so, a signed request by the owner or co-owner must be received by the Treasury before they can provide the information. If the bond owner or both co-owners are deceased, then the person making the request needs to provide proof, such as a copy of the death certificate(s). Send the request to:

Bureau of the Public Debt
P.O. Box 7012
Parkersburg, WV 26106-7012

For more information visit the TreasuryDirect website:

More Series EE and Series I Savings Bond Information: