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| *Ostroff, Fair and Company>>>Personal Finance |
How and where do you cash in US Savings bonds? |
How and where do you cash in US Savings bonds? You can take any bond to any us bank and cash it in. You just have to be the owner or the benificiary on the bond, and it has to be older than 6 months Source(s): I work at a bank Just go to the bank. Cashed one the other day/ Take them to any Bank, they will handle it for you....Nuf Said At the bank. You usually have to wait 'til they mature to get their full amount (usually a couple of years after purchase) but you can get their buying price if you turn them in early. Example, a $100 bond is bought for $50, if you cash it early you'll get $50 rather than $100. Don't forget they're also taxable, you have to report them as miscellaneous income on your next tax return. Just bring them to a teller and ask for help cashing them in, they'll have you sign them and give you cash. As long as the bonds are yours, take them in to your bank, with proper I.D., and a teller will help you cash them in. |
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