If you have invested in a savings bond, you may be wondering how to cash it out. Luckily, redeeming savings bonds is a straightforward process, and there are a few different options available.

One way to cash in your savings bonds is to visit your bank. Most banks will redeem savings bonds for their customers, and some will even cash them for non-customers. You will need to present a valid photo ID, such as a driver’s license or passport, and provide your social security number. Keep in mind that savings bonds must be at least one year old before they can be redeemed, and there may be penalties for early redemption.

Another option for cashing in savings bonds is to visit a Federal Reserve Bank or Branch. These locations will cash savings bonds regardless of where they were purchased. You can find the nearest Federal Reserve Bank or Branch by visiting the Federal Reserve website and entering your zip code. Again, you will need to provide a valid photo ID and your social security number, and there may be penalties for early redemption.

If you prefer to cash in your savings bonds online, you can do so through the Treasury Direct website. This option is only available for Series EE and Series I bonds, and you must have an account with Treasury Direct. You will also need to have your bonds registered in your name, and you will need to provide your social security number and a valid email address. Once your bonds have been redeemed, the funds will be deposited directly into your bank account within two business days.

Where to Cash in Savings Bonds

If you have savings bonds and are in need of cash, you may be wondering how to cash them in. Here is what you need to know:

  1. Determine the type of savings bonds you have: There are different types of savings bonds, such as Series EE, Series I, and Series HH. Each type has its unique features, interest rates, and cash-in options. Therefore, before cashing in your bonds, you should identify which type you have.
  2. Check the maturity date: The maturity date is when the savings bond stops earning interest and can be cashed in without penalty. If you cash in a bond before its maturity date, you may not receive the optimal return. Therefore, make sure to check the maturity date before you cash in the savings bond.
  3. Gather your documents: To cash in a savings bond, you need to present specific documents, such as the bond certificate or copies of them. If you cannot locate your bond certificates, you can request a search from the Treasury Department.
  4. Choose how to cash in your bond: You have different options to cash in your savings bonds, such as:
  5. At a financial institution: Some financial institutions, such as banks or credit unions, may redeem your savings bonds for you if you have an account with them.
  6. Online: You can use the TreasuryDirect website to cash in your savings bond online.
  7. By mail: You can also cash in your savings bond by mail. Make sure to follow the redemption instructions and provide all required documents.
  8. Report the interest: Interest earned on savings bonds is taxable at the federal level but exempt from state and local taxes. Therefore, it is crucial to report the interest earned on your savings bonds accurately.

In conclusion, cashing in savings bonds requires careful consideration and planning to ensure you receive the optimal return. Make sure to identify the type of savings bond you have, check the maturity date, gather the necessary documents, and choose the cash-in option that fits your needs.

Requirements for Cashing in Savings Bonds

Before you decide to cash in your savings bonds, it is important to familiarize yourself with the requirements. These requirements can vary depending on the type of bond you have, when it was issued, and other factors. Here, I’ll help you understand what you need to know about cashing in savings bonds.

1.Bond Maturity

The first requirement you should consider is bond maturity. Most savings bonds will continue to earn interest for up to 30 years from the issue date. However, to get the best rate, it is recommended that you hold onto the bond until it reaches maturity. Therefore, cashing in your bond before it matures could mean that you will miss out on some potential interest payments.

2. Redemption Timing

When you decide to cash in a savings bond also depends on the timing of redemption. If you redeem your bond before it has held for five years, you may lose the last three months of interest payments. It is important to calculate the appropriate time to redeem your bond based on the timing of the last interest payment, to make sure you don’t miss out on any interest payments.

3.Identity Verification

Another requirement when cashing in savings bonds is identity verification. To prevent fraud, you must provide your full name, Social Security number, and other identification to verify your identity at any authorized financial institution to redeem your bond. Ensure you have the appropriate documents for identification verification when you visit your bank or other financial institutions.


Lastly, it is important to be aware of the taxes that may be associated with cashing in savings bonds. The interest earned on savings bonds is typically subject to federal income tax but potentially exempt from state and local income taxes. Ensure you speak with a tax expert if you are unsure how it works to have a better understanding of the tax requirements for cashing in savings bonds.


In conclusion, to cash in savings bonds, you need to consider the maturity of the bond, the timing of redemption, identity verification, and the taxes associated. Understanding these requirements will ensure a smooth and fuss-free cashing process.

Methods for Cashing in Savings Bonds:

If you have savings bonds you’d like to cash in, there are several methods you can use to redeem them. Here are some common ways to cash in savings bonds:

1.Bank or Credit Union:

You can bring your savings bonds to a local bank or credit union and ask to cash them out. Make sure to bring identification, such as a driver’s license or passport, and your social security number with you. Most banks and credit unions will require you to have an account with them to cash in savings bonds, so keep that in mind when choosing this method.

2. Treasury Retail Securities Site:

If you prefer to cash in your savings bonds from the comfort of your home, you can use the Treasury Retail Securities Site. This service is free and allows you to submit your savings bonds for payment electronically. Make sure to have your bonds and social security number handy when using this method.

3.Certified Mail:

If you don’t have access to a bank and would like to mail your savings bonds, you can use certified mail. This option is secure and allows you to track your mail and ensure it arrives at its intended destination. When using certified mail, make sure to include a note requesting payment and your social security number.

4. Financial institution:

You can also choose to use a financial institution, such as The United States Post Office, to cash in your savings bonds. This is a convenient option, as many post offices offer this service. Make sure to bring valid identification and your social security number with you when using this method.

By using one of these methods, you can easily cash in your savings bonds and enjoy the benefits of your investment.