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They can't cash Series HH bonds, but can forward them to a Federal Reserve bank that will cash them for you. Most full-service banks and credit unions will cash your Series EE and Series I savings bonds.As the "Defense Bond" of 1941, the "War Bond" of 1942-45 and subsequently just the savings bond - it was purchased by tens of millions of families.
Treasury Bureau has designated four Federal Reserve banks to serve as "Savings Bond Processing Sites." They help employers set up payroll savings plans for U. It also provides a phone number and e-mail address for each district.
The Bureau of Public Debt Web site has a map showing the four districts and the states they serve.
A Series E Savings Bond can be redeemed at a financial institution like a bank at any time at the most recent semiannual accrual value.
Series E bonds exchanged for Series H Bonds or Series HH bonds, prior to final maturity of the E bonds, as well as for one year after the month in which they reach final maturity. MAKE SURE YOU KNOW WHAT YOUR BONDS ARE WORTH BEFORE CASHING IN!
Originally issued for a fixed term of 10 years, E bonds were granted interest extensions that brought their interest-bearing lives to 30 or 40 years, dependent upon the issue date of the bond.
Some Series E bonds continue to earn interest today, although the last E bonds will stop earning interest in 2010. You may have heard about Series E and Series HH/H bonds; the E bonds were superseded by the Series EE and the HH/H bonds are no longer available. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Bankrate's community sharing policy Bankrate wants to hear from you and encourages thoughtful and constructive comments.Bankers, business executives, newspaper publishers, Hollywood entertainers, all served to provide the Treasury and the savings bonds program with manpower and support, making the program a success for more than six decades.Of special note are the executives of many Fortune 500 companies who served as members of the U. Savings Bonds Volunteer Committee which, from 1963 through 2003, played an essential role in the success of the payroll savings plan.E Bonds issued May 1941 - November 1965 earn interest for 40 years and were granted three 10-year extended maturity periods.