Learn More About Converting Your Paper Bonds
Convert your paper savings bonds and hold them conveniently in your TreasuryDirect account! You may convert Series E, EE, and I bonds registered in your name alone, and in your name with a co-owner or beneficiary (POD). Bonds registered in trust form, in the name of a legal guardian, representative or an organization, are not eligible for conversion.
With a few exceptions, you'll have the same flexibility with converted bonds as you have with securities bought in TreasuryDirect. The following rules apply:
- The co-owner who converts a bond may not remove the name of the other co-owner without his/her written consent
- The owner who converts a bond may grant View or Transact rights for the security to the other co-owner, however, once rights are granted, they may not be revoked
- The owner of a Series E bond with a beneficiary may not remove the name of the beneficiary without his/her written consent
- The owner of a Series E bond with a beneficiary may grant View rights for the security to the beneficiary, however, once rights are granted, they may not be revoked
When you convert a bond that has reached final maturity, TreasuryDirect will automatically redeem it and purchase a Zero-Percent Certificate of Indebtedness (C of I) in your Primary account. The interest earned is reported to IRS for that tax year.
For detailed instructions, see How to Convert My Paper Bonds.
Note: You may convert your paper savings bonds through SmartExchange when the link "Establish a Conversion Linked Account" appears in the "Manage My Linked Accounts" section on the Manage Direct page in your primary account. Clicking on the link will provide access to this page.