SOYOUWANNA INVEST IN SAVINGS BONDS?

4. CASHING IN SAVINGS BONDS

Sooner or later you will want to cash in your savings bonds. Whether you cash them in early or wait until the savings bond has reached final maturity is completely up to you. You need to wait at least twelve months before the savings bond is eligible to be cashed in but if you do cash in a savings bond before five years you will be charged three months interest penalty.

You can cash in a savings bond at any financial institution if the bond was issued in your name. If there was a trustee or guardian to whom the bond was issued to you will need to go to a Federal Reserve Bank or the Bureau of Public debt.