- 1). Look at your savings bond and find out if it is a Series E Bond, Series EE Bond, I Bond or Savings Note. Find out if the value of your savings bond. This information is provided by the Treasury Department for bonds issued since 1941. The website lists values and maturity dates for savings bond denominations. The value of A, B, C, D, F, G, H, HH, J and K savings bonds are worth their face value when they are sold.
- 2). Consider whether or not it makes sense to sell your savings bond. Once you find out the value of the bond, see if it has reached full maturity. In some cases, your savings bond may no longer be accruing interest, so selling it is a good option. On the other hand, some bonds may be gaining interest at a favorable rate. Think about when to sell your bond. If interest will be posted at the end of the month, for example, you might want to hold on to it until that time.
- 3). Use the online information provided by the official website of the Treasury Department to find out the current value of your bond. The "Savings Bond Calculator" provides that information.
- 4). To sell your savings bonds, simply take them to a branch of a Federal Reserve Bank. Bring identification and sign over the bond at the bank. Another outlet is a broker who deals with bonds. In this case, you may get a higher price for the bond on the secondary market, but you will probably be subject to commissions and fees for the service. You can also sell your savings bonds by using the Treasury Department website.
- Advertisement -
- Advertisement -