Introduction to savings bonds united states department. Instructions vary based on the action you are performing. The form number for individual savings bonds is pd f 4000. Mail unsigned bonds with the completed, certified 1522 address is on the form. Ee bonds bought from may 1997 through april 2005 earn a rate of interest that changes every six. Treasury switched to electronic savings bonds in 2012 and stopped issuing paper bonds.
In some cases, we require documentation along with a form. Visit the us savings bonds website, and click enter under the section for individuals. However, if you happen to have savings bonds in certificate or paper form, the first step for you is to open a conversion account on treasurydirect and deposit them to that account to convert them to electronic form. Information dealing with the purchase, redemption, replacement, forms, and valuation of treasury savings bonds and securities is located on the treasurydirect. When buying a series i or electronic series ee bond, you pay the face value of the bond. To redeem your bonds electronically, go to the united states treasury online marketplace, treasurydirect. To encourage savings bond owners to redeem their bonds, changes are being made to treasurydirect. You will need the information on this form to complete form 8815, exclusion of interest from series ee and i u. Those changes highlight how visiting a local financial institution is the fastest and easiest way to cash savings bonds. How to change the beneficiary on a savings bond pocketsense. The only way to buy ee bonds is to buy them in electronic form in treasurydirect. Claim for united states savings bonds not received size. Order for series ee us savings bonds form order for. Adapted from the online manual on the treasury securities website at.
You can authorize someone to cash your savings bonds by giving her power of attorney. United states savings bonds are debt securities issued by the united states department of the treasury to help pay for the u. The type of savings plan should be noted in the answer to question 1b on the form. Savings bonds offer a safe, easy way to save money while making a solid.
The series ee savings bonds pay interest equal to 90 percent of the average 5year treasury securities yield for the preceding six months. A 20year series ee savings bond pays more interest than a 20year treasury bond. The person whose name is on the bond is the only person who can cash. Alternately, she can fill out form pdf 1522 and send the bonds to the address on the form for redemption.
Steven terner mnuchin was sworn in as the 77th secretary of the treasury on february, 2017. When we reissue a series ee or series i savings bond, we no longer provide a paper bond. Redemption tables allow you to find the values and interest earned for eee bonds, i bonds, and savings notes issued from 1941present. Request to reissue united states savings bonds omb no. Ee bonds we sell today earn the same rate of interest a fixed rate for up to 30 years. How long does it take for series ee bonds to mature. Savings bondsredemption and reissue instructions for surviving. This means that the rates on ee bonds are based on rates set by participants in the large government bond trading market. Enter your official contact and identification details. The us treasury produces two types of savings bonds. Most series ee or series i savings bonds are in electronic form and reregistration is done via the treasurydirect website. When you buy the bond, you know the rate of interest it will earn.
When its time to cash in your savings bonds, youll find the process relatively simple as long as you have the proper documentation. Ee bonds earn interest until they reach 30 years or until you cash them, whichever comes first. The secret feature of series ee savings bonds wealth. First issued in 1941, series e savings bonds were once the worlds most widely held security, according to the treasury which discontinued series e bonds in 1980, and replaced them with series ee savings bonds.
Governmentissued longterm bonds might not always be the best choice. Series ee savings bonds are direct obligations of the united states treasury. Use form 8818 to keep a record of the post1989 series ee and i bonds you cash. Special tax benefits are available to qualified owners of ee bonds under the education savings bond program. This attorneyinfact must then present the bond or bonds to an authorized officer of a trust company, credit union or bank to certify her signature. The interest that savings bonds earn is the amount that a. Ee bonds issued since may 2005 earn a fixed rate of interest.
The savings bonds are nonmarketable treasury securities issued to the public, which. Series ee, series e, and series i bonds can be cashed at most financial institutions. To be qualified, the bonds had to be issued after 1989 and be used for higher education. Making any false, fictitious, or fraudulent claim or statement to the united states is a crime and may be prosecuted.
If you hold an electronic series i or series ee bond in treasurydirect, you can find the bonds current value there. You can also opt to receive your tax return in the form of paper ibonds by filling out form 8888 pdf, which is submitted with your tax return. Of course, doing this comes with a number of qualifying rules. Series ee savings bonds are issued and redeemed electronically. Savings bonds calculator series ee savings bonds faq.
On the left, click where it says savings bond forms, then click on reissue forms. These are just a few of the popular topics found at the treasurydirect. If the ee bonds are held electronically, the bureau of fiscal service will redeem the bonds for you. What if im not sure whether an i bond has already been cashed or replaced. However, if you cash out a bond before five years have passed, you will lose three months of interest as an early withdrawal penalty. While these bonds may not always provide much in the way of growth the current interest rate for series ee bonds is a paltry 0.
You can cash a savings bond any time after 12 months from the purchase date. Whether you need to change an address, beneficiary, or institution associated with your u. Treasury bonds, you may have noticed some series ee savings bonds mature on different dates. All bonds must be described by serial number on any form submitted. If you turn 24 on june 18, 2009, and you purchase a bond on june 19, 2009 so you really and truly are 24 years old, the issue date is.
When you buy the bond, you know what rate it will earn for at least the first 20 years. Form 8815, exclusion of interest from series ee and i u. Savings bonds have long been a popular gift for children as a means of helping college savings. Contact us department of the treasury 1500 pennsylvania ave. A the best way to search for old savings bonds is to fill out form 1048, claim for lost, stolen or destroyed u. The advanced tools of the editor will direct you through the editable pdf template. Requirements for using savings bonds for college expenses. You should be aware that the making of any false, fictitious, or fraudulent claim or statement to the united states is a crime that is punishable by fine andor imprisonment. Either way, you cannot tell the current value of a u. Forms for treasury bills, notes, bonds, floating rate notes, tips. Fs form 4000 revised february 9 request to reissue united. Treasurys ee bonds issued in 1981 and 1982 only took eight years to reach full face value, while the same ee bonds. Buy savings bonds united states department of the treasury.
Series ee savings bonds issued in the 1980s and early 1990s have an original maturity of 20 years, and an extended maturity of 10 years, for a total of 30 years until the final maturity of the bonds. For paper i bonds, paper series ee savings bonds issued may 1997. Remember that savings bonds cant be sold, traded or given away. The difference between the purchase price and the redemption value is taxable interest income. When reissuing series hh savings bonds, the owner should also submit fs form 5396, providing directdeposit instructions for semiannual interest payments see.
Savings bonds can be purchased and redeemed through the treasurydirect program, which is administered by the department of treasury. Treasury announces the rate for new bonds each may 1 and november 1. Special bond of indemnity by purchaser of united states savings bonds notes involved in a chain letter scheme size. After completing a form, please mail it to the address indicated on the form. Download the treasury form pdf 1048, claim for lost, stolen or destroyed united states savings bonds, from the treasurydirect website. Request for payment of united states savings and retirement securities where use of a detached. United states series ee savings bonds are a popular gift for special occasions, available for purchase in person for half the maturity value or online for the full maturity value. But, when the series ee bonds do reach maturity and stop paying interest, which will be 30 years from the purchase anniversary, you must pay taxes on the accumulated income. Before redeeming us savings bonds, bond owners should double check to make sure they qualify for a. To purchase savings bonds, or for additional information, please contact treasurydirect. Unless the original owner has previously reported as income some of the interest payable prior to time of death, you will be liable for taxation on the entire amount of accumulated interest. Potential returns currently, savings bonds provide a tiny return series ee bonds issued from nov. Treasury security, or complete a number of updates or changes, you will find the form you need here for savings bonds, treasury bills, treasury notes, treasury bonds, floating rate notes, and tips. Complete fs form 1522 download or order and have your.
How to calculate the value of your us series ee savings bond. You can file an irs form 8888 with your tax return in order to receive all or a portion of. I acquired us ee savings bonds from a decedents estate. You mail the completed form, the ee bonds and certified death certificates for all the deceased owners to the treasury department. Use of form use this form to apply for refund of purchase price of united states savings bonds purchased in. The account owner must file irs form 8815 to claim an exclusion from income for the interest earned on the bonds.
When you have located the form you can either print and fill the. If the owners held paper bonds, you must download form pd f 5336 from the treasury direct website. To further explain, the bonds value is a combination of the original purchase price plus the accumulated and. Then, when the bond matures, you get the bond amount plus the accrued interest. For ee bonds bought from may 1, 2019 through october 31, 2019, the rate is 0. Now you may only obtain series ee bonds by purchasing them electronically at treasurydirect. Series ee bonds, sometimes called patriot bonds after 2001, differ from series i because they are guaranteed to double in value after 20 years. Series ee savings bonds are lowrisk savings products that pay interest until they reach 30 years or you cash them, whichever comes first. What you must know about taxation of ee series bonds ed. Now that you can only purchase savings bonds electronically, many banks no longer redeem paper bonds. Many people who purchased series ee bonds long ago have savings bonds worth far more than the face value of the bond because of the many years of accumulated interest. How to cash in series ee savings bonds depositaccounts. Individual cashing redeeming series i savings bonds.
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