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Before determining the best way to redeem your savings bond, it’s a good idea to figure out which type you have. There are currently two types of U.S. savings bonds: Series EE and Series I.
The cash value of the bond will be credited to your checking or savings account within two business days of the redemption date. A minimum of $25 is required to redeem an electronic bond.
Savings bonds have a low-risk, low-reward structure that benefits patient investors. Find out what you need to consider before investing in a savings bond.
Post WWII $25 Series E US Savings Bond (1953) and strip of 10¢ US Savings Stamps. After the war ended, savings bonds became popular with families, with purchasers waiting to redeem them so the bonds would grow in value. To help sustain post-war sales, they were advertised on television, films, and commercials.
U.S. savings bonds are a low-risk investment product backed by the U.S. government. Used by generations of Americans to generate a stable return on cash savings, savings bonds are purchased ...
Paper savings bonds: If your bank cashes paper savings bonds, you can bring yours to a branch to redeem them. You can also cash in paper bonds by sending them to Treasury Retail Securities ...
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Series I Savings Bond rates are set to change on May 1, 2024, when the new rates will be announced. To give some perspective, for Series I Bonds issued from November 2023 through April 2024, the ...