Cash it in Once you’ve confirmed that your savings bonds have indeed matured, you should cash them in. There are two ways to redeem a paper savings bond: cash it in at a local financial institution, or mail it to the Treasury Department.

What should I do with matured savings bonds?

If you discover that your savings bonds have matured, you should cash them in and invest the money elsewhere. If you have paper bonds, contact your bank to see if it cashes savings bonds (not all banks do, and some will cash in savings bonds only for customers who have had accounts for at least six months).

Can you cash Series I bonds before maturity?

You can cash your Series I bonds any time after 12 months. You receive the original purchase price plus interest earnings. I bonds are meant to be longer-term investments; if you redeem an I bond within the first 5 years, you’ll lose your last 3 months interest.

When does a series E savings bond mature?

If it’s a series E or series H bond, then it’s matured, as all of those bonds are no longer being issued and all the existing ones have already hit their maturity date. If it’s a series EE or series I bond, then it matures 30 years after the issue date.

When to cash in savings bonds that have matured?

Series HH bonds mature 20 years after the issue date. If the series name is anything else, then it’s probably from an outdated series and has matured — you can look up the series name on the Treasury Direct website to confirm. Image source: Getty Images. Once you’ve confirmed that your savings bonds have indeed matured, you should cash them in.

How can I find out if my bond has matured?

Find the maturity date. To see if your bond has matured, start by looking at the series name on the upper right corner of the bond. If it’s a series E or series H bond, then it’s matured, as all of those bonds are no longer being issued and all the existing ones have already hit their maturity date.

How can I find out if my savings bond has been cashed?

There are about $16 billion in unclaimed bonds. If you had at least one savings bond, and you’re not sure whether it was cashed, there are ways to find out. You can check to see whether or not one of your savings bonds has been cashed using either the web, telephone or postal service.