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To cash a savings bond: The person entitled to the bond must fill out FS Form 1522. They must follow the instructions on the form about whether their signature must be certified. To have us reissue a savings bond: The person entitled to the bond will be the new owner of the bond.
Request by Fiduciary for Distribution of United States Treasury Securities. Used by fiduciary to establish entitlement and request distribution of Treasury securities to the person lawfully entitled. Sign this form in the presence of a certifying individual. FS Form 1522.
The U.S. Treasury keeps a record of each U.S. savings bond's original owner, and offers a partially-complete online listing of those owners' bonds. Using the owner's social security number, you can search for unclaimed U.S. savings bonds, or file a claim for one, by going to the U.S. Treasury's Treasury Hunt webpage.
Redemption requests may also be sent to the Treasury Retail Securities Site at the Federal Reserve Bank of Minneapolis along with a completed FS Form 1522 (Off-site, PDF) Special Form of Request for Payment of United States Savings and Retirement Securities Where Use of a Detached Request Is Authorized.
With us: Get FS Form 1522. Fill it out. Get your signature certified, if necessary. Send the form and the bonds to us at the address on FS Form 1522.
To file a claim for a savings bond that is lost, stolen, or destroyed, complete a Claim for Lost, Stolen, or Destroyed United States Savings Bonds (FS Form 1048). Please sign the form in the presence of an authorized certifying officer (available at a bank, trust company, or credit union).
Withdrawals are tax-free when the money is used for qualified education expenses. But you have to withdraw all the funds by age 30 to avoid a tax penalty.
There is no penalty if you simply hold onto the bond after five years. There is value in holding onto most bonds. The longer they mature, the more interest bonds earn.