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Series EE and Series I bonds can be purchased in electronic form, while Series I paper bonds can only be purchased through December 31, 2024, with your IRS tax refund. ... How to cash in savings ...
How to cash in savings bonds. ... You can also cash in paper bonds by sending them to Treasury Retail Securities Services along with FS Form 1522. Cashing in bonds early.
Paper Bonds: Present the bond and an acceptable form of identification to a bank. If you’re a beneficiary cashing the bond of a deceased person, you will also need a certified death certificate.
That year, the Department of the Treasury's Bureau of the Public Debt made savings bonds available for purchasing and redeeming online. U.S. savings bonds are now only sold in electronic form at a Department of the Treasury website, [4] TreasuryDirect. As of 2023, redeeming paper savings bonds is very difficult, as most banks decline to do so.
However, the switch to electronic bonds did not significantly impact overall bond sales, as reported by the Government Accountability Office in 2015: "the decline in savings bond purchases after Treasury discontinued the sale of paper savings bonds in January 2012 was consistent with the overall long-term decline in savings bond purchases". [1 ...
You can also mail your bonds to TreasuryDirect along with FS Form 1522 to redeem. ... Considerations Before Cashing In a Savings Bond. Cashing in bonds is a fairly straightforward process, but ...
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 ...
U.S. savings bonds can be replaced if lost, stolen or destroyed by filling out FS Form 1048 and sending it to the Treasury Retail Securities Services. The Treasury Hunt tool can also be used to ...