Bond Co-Owners If there are two listed owners on a savings bond, the Treasury refers to the owners as co-owners. Each co-owner of the bond has equal ownership rights, including the right to cash the bond at any time. One co-owner can redeem the bond without the signature of the other co-owner.
How do I change ownership of EE bonds?
- The rules for Series EE savings bonds allow any owner or co-owner to transfer his ownership rights to another person.
- Use a form PDF 1455 to change a savings bond’s ownership to a court-appointed guardian or legal representative.
- Use form PDF 1851 to change ownership from an individual to a trust.
Where to redeem EE and I savings bonds?
You can redeem EE and I savings bonds at most local banks but you can only redeem an HH bond by sending it directly to your nearest U.S. Treasury Department office. Proceeds from redeemed HH bonds are disbursed via direct deposit so you must have a bank account set up if you plan to redeem your bond. Did you find this page helpful?
Can you exchange HH bonds for EE bonds?
In the past, you could exchange mature HH bonds for EE savings bonds. However, since the Treasury Department stopped issuing HH bonds in 2004, you can no longer exchange mature bonds and must redeem your bond at maturity, at which time you receive the face value.
Where to send HH bonds to be redeemed?
Your local bank or other financial institution cannot redeem HH or H bonds. sending the bonds, FS Form 1522, and any supporting documents (if needed), to Treasury Retail Securities Site, P.O. Box 214, Minneapolis, MN 55480-0214. We pay your HH or H bonds through direct deposit.
When do HH bonds start to pay interest?
According to IRS Pub 550, Series HH bonds pay interest to the owner every 6 months until maturity. If the bonds reached maturity in 2010, the owner should have already reported all of the interest earned by the Series HH bond. This leaves the deferred interest to deal with.
