Investment

Savings bonds can be cashed in any bank for up to $1,000. Can banks refuse to accept savings bonds as payment? Bring your bond to your bank, but not any bank. It has to be an account that you’ve owned for at least six months. If that isn’t possible, you can use a government-issued photo […]

Whether you have a local bank account and it accepts savings bonds, inquire if it will accept yours. The answer may be contingent on the length of time you’ve had an account there. If the bank will cash your check, find out if there is a monetary restriction on redemptions and what kind of identification

Bring your bond to your bank, but not any bank. It has to be an account that you’ve owned for at least six months. If that isn’t possible, you can use a government-issued photo ID to prove your identification. The most prevalent form of identification is a driver’s license. If you need identification like a

Although the current 2.2 percent interest rate on Series I savings bonds is appealing, purchasing the bonds has grown more difficult. Paper Series I and EE savings bonds—those handy envelope stuffer gifts—can no longer be purchased in banks or credit unions; instead, you must purchase electronic bonds through TreasuryDirect, the Treasury Department’s Web-based system. Our

A variable rate of interest is paid on EE bonds purchased between May 1997 and April 30, 2005. Paper bonds were sold at half their face value, so a $50 bond cost $25. TreasuryDirect electronic bonds are offered at face value, which means you pay $25 for a $25 bond. A bond that we sell

Savings bonds can be cashed in any bank for up to $1,000. Can banks refuse to accept savings bonds as payment? Bring your bond to your bank, but not any bank. It has to be an account that you’ve owned for at least six months. If that isn’t possible, you can use a government-issued photo

Although the current 2.2 percent interest rate on Series I savings bonds is appealing, purchasing the bonds has grown more difficult. Paper Series I and EE savings bonds—those handy envelope stuffer gifts—can no longer be purchased in banks or credit unions; instead, you must purchase electronic bonds through TreasuryDirect, the Treasury Department’s Web-based system. Our

Although the current 2.2 percent interest rate on Series I savings bonds is appealing, purchasing the bonds has grown more difficult. Paper Series I and EE savings bonds—those handy envelope stuffer gifts—can no longer be purchased in banks or credit unions; instead, you must purchase electronic bonds through TreasuryDirect, the Treasury Department’s Web-based system. Our

Savings bonds can be cashed in any bank for up to $1,000. Paper bonds Your bank or credit union should be able to cash in your paper savings bonds. If you’re going to a financial institution where you’re not a member or customer, check to see if they’ll cash your bond before you go. Confirm

Savings bonds can be cashed in any bank for up to $1,000. What is the procedure for redeeming Series EE savings bonds? Whether you have a local bank account and it accepts savings bonds, inquire if it will accept yours. The answer may be contingent on the length of time you’ve had an account there.