How to Redeem EE bonds

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In the United States, there are two kinds of savings bonds and these are the Series I and the Series EE. The previous Series E bonds were changed to Series EE and the Series H/HH bonds no longer exist since September of 2004. The Series EE bonds are fixed rate bonds that pay lower than the Series I bond but it offers the same tax preferential treatment and the interest rates are based on the US Treasury’s 10-year average for the preceding month. The EE savings bonds can be redeemed in a few simple steps.

Step 1

Be informed on the restrictions on the redemption of EE savings bonds - The EE savings bonds cannot be redeemed until after the lapse of 12 months after the date of issue of the bonds. To cite as an example, a bond that was issued on the 1st of April 2008 can be redeemed only on the 1st of April in 2009. However, in the United States, the Treasury has provided that on certain circumstances such as natural disasters, the Department of Treasury may hold the same in order to utilize the fund to help rebuild affected areas of the disaster. Another restriction is that redemption of EE savings bonds before the lapse of five years will cause you to lose three months of the accrued interest.

Step 2

Know the face value of your EE savings bonds - In the United States, the EE savings bonds double its face value in seventeen years. The EE or the E series savings bonds to be redeemed consist of the purchase price of the bond and the accrued interest. If you want to determine how much your bond is worth, you can visit and download the savings bond calculator, the savings bond wizard, or the redemption tables for savings bonds.

Step 3

Who can redeem the EE savings bonds? - The savings bonds are by their nature non-transferable such that if you purchased your EE savings bond in an auction or luckily found savings bonds that belong to another, you cannot claim them. It is only the person who purchased the bond or the owner or co-owners who can claim it from the US Treasury Department.

Step 4

Amount that can be redeemed on your EE savings bonds - You are allowed to redeem $1000 worth of EE savings bonds per transaction. However, you are also permitted to make a redemption of more than $1000 and to do so, visit the  Treasury Retail Securities site, which is the agency that handles transactions involving savings bonds, and here you will be required to go to a local bank and sign the request for payment on the back portion of the bond(s) and have a bank officer certify the bond(s). It is important to provide the bank with your identification papers since the bank will have to guarantee the due execution of the request for payment and the signatures at the back of the bonds.

Step 5

Electronic redemption of the EE savings bond - If your EE savings bonds were bought on the TreasuryDirect website, then you can just log onto the website and the screen prompts you on what to do. After you finish the transaction, the redemption amount of your bonds will be credited to the checking or savings account that you stipulated in your savings bonds account information after the lapse of one day.

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