How Do I Cash Out Savings Bonds?

By Increase Savings | Published: December 14, 2009

I got some EE type savings bonds circa 1986-1987 all together worth about 20,000$, I want to cash them out to pay off my car. The loan is at Hunington Bank, can I cash them out there? How would I pay the tax on them? Never done this before.

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One Comment

  1. Al in NC
    Posted December 14, 2009 at 2:20 pm | Permalink

    http://www.treasurydirect.gov/indiv/rese…
    Scroll down to the “Redeem Bonds” section.
    Also, scroll down to the “Amount You Can Redeem At One Time” section.
    You can use the calculator at the webpage listed below to determine exact value of your bonds.http://www.treasurydirect.gov/BC/SBCPric…

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