Redeeming (Cashing) EE and E Savings Bonds

On this page:

When can I redeem my EE and E Bonds?

After they are 12 months old.

  • If you redeem an EE Bond before it is five years old, you will lose the last three months of interest.
  • EE Bonds earn interest for 30 years, so the longer you hold on to the bond (up to 30 years), the more it is worth.
  • If you've been affected by a disaster, special provisions may apply.
  • All E bonds and some EE bonds have stopped earning interest and should be redeemed.

What are my EE and E Bonds worth?

Use the Savings Bond Calculator.

Note: Savings bonds cannot be transferred. If you find a bond that belongs to someone else or buy a bond on an online auction site, you cannot redeem it. (If you inherit a bond through the death of the bond owner, see Death of a Savings Bond Owner.)

How do I redeem my EE and E Bonds?

Electronic bonds Log in to TreasuryDirect and follow the directions there. The cash amount can be credited to your checking or savings account within two business days of the redemption date.
Paper bonds You can cash paper EE and E Bonds at many local financial institutions, although each bank may have different policies in place.   Alternatively, you can cash bonds by mailing them to Federal Reserve Bank of Minneapolis, P.O. Box 214, Minneapolis, MN 55480.

Information for special situations:  Redeeming Bonds Outside the United States and Redeeming a Young Child's Bond

How do I authorize an attorney-in-fact to redeem my bonds?

For instructions, please see publication PD P 0105 (download or order).

How much can I redeem at one time?

For electronic bonds held in your TreasuryDirect account, there’s no limit to the total value you may redeem in a single transaction.

For paper bonds, there’s no general limit to the total value you may redeem in a single transaction; however, banks have varying policies on how much they will redeem in one transaction (and some banks may have a policy to not redeem savings bonds at all).

What will I need to redeem a paper bond?

If you plan to take your bonds to a local bank, check with the financial institution beforehand to see whether it redeems savings bonds.  If it does, find out what dollar limit, if any, it has on redemptions and what identification and other documents  you need.

  • If you are a customer of that bank, establishing identity could be as simple as having an active account open for at least six months, plus proper identification.
  • If you aren’t a customer, banks have varying policies ranging from not redeeming your bonds to redeeming limited amounts (generally less than $1,000 total value) with acceptable identification, such as a valid driver's license.

To redeem your bonds through the Federal Reserve Bank of Minneapolis, follow these steps:

  • Have a certifying officer at a bank where you have an account certify your signature in the request for payment on the back of each bond.
  • Mail the bonds to Federal Reserve Bank of Minneapolis, P.O. Box 214, Minneapolis, MN 55480.
  • In your mailing to Minneapolis, provide your Social Security Number.

Regardless of where you redeem your bonds, if you aren’t listed as the owner or co-owner on a bond, you have to show you are entitled to cash the bond.

Will I get a form for my taxes?

Yes. IRS Form 1099-INT is provided for all redeemed bonds. The form may be available when you redeem your bond or after the end of the year.

Electronic bonds Log in to TreasuryDirect and go to ManageDirect. Form 1099-INT is one of the links on the ManageDirect page.
Paper bonds The financial institution where you redeemed the bond will mail the form to the address on record for the bond owner. (Typically, this mailing takes place after the end of the year in which the bond is redeemed.)

Tax Considerations for EE and E Bonds

Can I find out if an EE or E Bond has already been redeemed?

If you have the serial numbers for EE or E Bonds, we can look up the status for you. If you are the owner or co-owner of the bonds, send a signed request to the address below. Be sure to include the serial numbers of the bonds you are asking about.

If the owner or both co-owners have died, you must provide proof such as a copy of the death certificate for each deceased person, with your letter.

Send your letter to:

Bureau of the Fiscal Service
P.O. Box 7012
Parkersburg, WV 26106-7012

Other written inquiries can be sent to that address.  Any information you have about the bonds should be included.