How Do You Redeem US Savings Bonds?
U.S. savings bonds can be a great way to save money, since they come in a number of different denominations and their value increases over time. When it comes time for the savings bonds to be redeemed, however, many people may not be quite sure how to go about this task. Luckily, the U.S. Treasury has made redeeming savings bonds as easy as possible. Read on to learn how to redeem U.S. savings bonds. The first thing that you should do is check the interest increments for your savings bonds. Bonds which were issued previous to April 1997 increase in value every six months, so if you redeem them too soon then you’ll lose six months worth of interest. Bonds issued after April 1997 increase in value monthly so you don’t face the same problem. By checking the interest increment you can figure out whether it is a good time to redeem your savings bonds or whether you should wait a bit longer in order to get the next interest payment added to their value. Next look at how long you have had the
