Questions and answers

Can mature savings bonds be reissued?

by Chase Collins

Can mature savings bonds be reissued?

If your bond has matured, it cannot be reissued – it can only be redeemed. You may also call us toll-free at 844-284-2676 or send us an e-mail.

How do you retitle a US savings bond?

As the survivor, you have four options:

  1. Do nothing. The bond will continue to earn interest until the bond matures.
  2. Cash (redeem) the bond.
  3. Reissue: Have the bond reissued in the survivor’s name.
  4. Submit a certified copy of the owner’s death certificate, along with FS Form 5396 (download or order).

Can savings bonds be reissued?

Replacing: If your paper bond is lost, stolen, or mutilated, you can get a substitute electronic savings bond. Individual savings bonds may not be split and must be reissued in full. Instead of replacing the bond electronically, you can ask for your bond to be cashed.

Are banks required to cash savings bonds?

The U.S. Treasury will redeem savings bonds by mail, sending you a government check for the cash value of the bond. To use this method to cash a bond, you must first go to a bank — any bank — and have your identification verified on the bond by a bank officer.

What happens to bonds when someone dies?

According to the company, when a person dies, interest will still be paid on their account until someone else takes the step to close it. This is likely to be the executor of the individual’s will or an administrator if no will was in place.

Can I find out if a savings bond has been cashed?

Visit TreasuryDirect.gov and perform an internal search for “Fiscal Service Form 1048 (Claim for Lost, Stolen, or Destroyed United States Savings Bonds)”. The U.S. Treasury’s search results of your claim will let you know if your bond has already been cashed or if it’s still redeemable.

How much is a $100 savings bond worth?

Some people also ask how much is a $100 savings bond worth, especially after 30 years. A $50 bond given in August 1982, for which somebody would have paid $25, is currently worth $146.90. A $100 bond from February 1984 is useful for $230.64.