Hi Don – You can redeem a Savings Bond anytime after the bond is one year old. Theres a penalty of the most recent three months interest if you redeem a Savings Bond before it is five years old. All new Savings Bonds available today pay interest for 30 years.
Hi Don – You can redeem a Savings Bond anytime after the bond is one year old. There’s a penalty of the most recent three month’s interest if you redeem a Savings Bond before it is five years old. All new Savings Bonds available today pay interest for 30 years. The actual redemption process can be immediate or take up to 3 weeks depending on how your bank handles Savings Bond transactions.
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