Learn More About Converting Your Paper Bonds
Convert your paper savings bonds and hold them conveniently in your TreasuryDirect account. For detailed instructions about converting paper bonds, see How do I convert my paper savings bonds into electronic savings bonds?
Individual Accounts: You may convert Series EE and I Savings Bonds registered in your name alone, and in your name with a co-owner or beneficiary (POD).
With a few exceptions, you'll have the same flexibility with converted bonds as you have with securities bought in TreasuryDirect. The following rules apply:
- The co-owner who converts a bond may not remove the name of the other co-owner without his/her written consent
- The owner who converts a bond may grant View or Transact rights for the security to the other co-owner, however, once rights are granted, they may not be revoked
When a bond that has reached final maturity is converted, TreasuryDirect will automatically redeem it and purchase a Zero-Percent Certificate of Indebtedness (C of I) in your primary account. The interest earned is reported to IRS for that tax year.
Entity Accounts: Account Managers for certain entities may open accounts and convert bonds in TreasuryDirect. See Learn more about Entity Accounts. Since all securities in an entity account carry a registration identical to the entity account name, all bonds converted will be registered in that form, regardless of the registration on the paper bonds. If the submitted bonds are not registered in the name of the entity, documentary evidence may be required to support the transaction.
When a bond that has reached final maturity is converted, TreasuryDirect will automatically redeem it and purchase a Zero-Percent Certificate of Indebtedness (C of I) in the entity’s primary account. The interest earned is reported to IRS for that tax year.
Note: You may convert your bonds through SmartExchange once you have created a Conversion account. You'll see "My Converted Bonds" in the account listing under Linked Accounts Information on your Account Summary page.