How to Redeem Matured Savings Bonds

by Catherine Chase, studioD

Series EE/E savings bonds reach maturity in five years. You may redeem them after just one year, but you will forfeit three months of interest. The TreasuryDirect website offers an online savings bond calculator to determine the current value of your matured savings bonds. Once you're ready to redeem them, you may cash in up to $1,000 worth of savings bonds electronically or at your financial institution. If you wish to redeem a higher amount, you'll have to mail them in to a savings bond processing center.

Bring savings bonds issued to you as owner or co-owner to your financial institution. If you have been an active customer of that institution for at least six months, you may not need to show identification. Otherwise, show an official photo ID, such as your driver's license, to redeem your bonds.

Go to your financial institution with your minor child if you wish to redeem his savings bond. The bank will likely have you sign a statement on the savings bond that asserts that you have legal custody over the child. Write that you are redeeming the bond on his behalf because he is too young to complete the transaction. Your bank may instruct you to word this statement in a specific way. Your child may sign the request if he is old enough to understand the transaction.

Redeem savings bonds that the Treasury Department issued in someone else's name if you are the owner's beneficiary. Bring the official death certificate with you to your financial institution. Write your Social Security number on the back of the savings bond, followed by your address.

Go to your financial institution if you are a legal representative requesting payment for a savings bond in someone else's name. If your name and title also appear on the saving's bond, print your Social Security number and address on the back of the bond and present your identification to redeem the bond. If your name is not on the bond, you will need a certified certificate of the owner's death and evidence of your authority over his estate in order to redeem the bond.

Present the official death certificate of the bond's owner if you are a legal representative whose name does not appear on the savings bond. Also present a current, certified copy of your authority over the deceased's estate. Print the estate's address and taxpayer identification number on the back of the bond and sign the request for payment.

Log in to your TreasuryDirect account if you purchased your savings bonds electronically. Follow the steps on the Web page to cash in your bonds and have the funds deposited directly into your checking or savings account.

Redeem more than $1,000 worth of savings bonds by first bringing them to your financial institution. Sign the appropriate space on the back of the bonds in the presence of the bank representative. Write your Social Security number on them. Mail the savings bonds to the Treasury Retail Securities site at: Federal Reserve Bank of Minneapolis, P.O. Box 214, Minneapolis, MN 55480.


  • Financial institutions will not redeem a savings bond for those acting under the power of attorney for the bond's owner. You must redeem the bond through the Federal Reserve Bank Savings Bond Processing Site in Minneapolis.
  • Under certain circumstances, your financial institution is not required to redeem savings bonds. If they refuse to honor the request, you must mail the bonds to the Federal Reserve Bank Savings Bond Processing site in Minneapolis. These circumstances include parents cashing savings bonds for minor children, beneficiaries redeeming inherited bonds and legal representatives of the bonds' owner redeeming bonds.

About the Author

Catherine Chase is a professional writer specializing in history and health topics. Chase also covers finance, home improvement and gardening topics. She holds a Bachelor of Arts in American studies from Skidmore College.

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