How to Cash a Series EE Savings Bond After 12 Years, in Which It Doubled

by Tim Plaehn

Savings bonds are a prudent investment and a government guaranteed security, which can double in value in a period of 12 years. Not many stock market investors can claim the results from their investments. Savings bond rules allow your bond to accumulate interest on a tax-deferred basis. Cashing in the bond puts the cash in your hands the same day.

1. Check the value of your bond, if your goal is to at least double the investment before cashing. The savings bond calculator on the website will provide the current value of your bond. Find the calculator under the Tools menu tab.

2. Take your savings bond and a form of picture identification to a local bank. If your bond value is greater than $1,000 you must have an established account to cash the bond in person. Smaller bond values can be redeemed at any bank.

3. Present your bond and identification to a bank official for redemption. The banker will verify your identification, address and social security number. Sign the bond as directed and the bank will cash the bond, giving you cash for the current value of the bond.


  • If you bond is worth more than $1,000 and you do not have a local bank account, take the bond to any bank. The banker will verify your signature and address and the bond can be mailed to the Treasury for redemption by a government check mailed to you.
  • The interest earned on your bond is taxable interest. You will receive a Form 1099 from the bank or Treasury to include with your income tax return filing.

About the Author

Tim Plaehn has been writing financial, investment and trading articles and blogs since 2007. His work has appeared online at Seeking Alpha, and various other websites. Plaehn has a bachelor's degree in mathematics from the U.S. Air Force Academy.

Photo Credits

  • Thinkstock/Comstock/Getty Images