How do I cash in US savings bonds?

Answer 1

Take it to a commercial bank that you have an account with. As long as the bond is at least 6 months old and it is titled in your name, you should be able to cash it in on the spot. They will look at the date that the bond was issued and use that to figure out what it is worth on the day that you cash it in. You can estimate the value by using the rule of 72. Take the number 72 and divide it by what ever the rate of the bond was on the day it was purchased. The result tells you the number of years it will take for the bond to double in value. The dollar amount that you see on the bond is called the face value. If the bond is more than 12 years old there is a good chance that it is worth the face value or possibly more. EE bonds continue to accrue interest for 30 years so if is 20 to 30 years old it is very likely that it is worth much more than the face value. When you cash it in at the bank they should give you a 1099 to let you know how much interest is being reported to the government. FYI, customer service reps at banks hate cashing savings bonds because typically a customer brings in a huge stack of them and each one might have been bought on a different date so they all have to be researched separately. It's time consuming and banks don't make any money on them so generally they think of it as a pain in the butt. You can go on www.savingsbonds.gov and plug in the date that it was purchased and it will tell you the exact current value of the bond. Good luck

Answer 2

You can take them to any bank or credit union which sells bonds. They will calculate the interest due on them and pay you the total amount.

Answer 3

obviously those on your father and mom' names should be cashed through them. i do not understand what "PUD" stands for. verify the Treasury Dept internet web site for price reductions bond FAQ or a shopper provider huge type.

Answer 4

Go to your local bank

Answer 5

Go to a bank.

Answer 6

sign them over at the bank.