Hello and welcome to TreasuryDirect.
Do you have Electronic Savings Bonds you wish to cash out?
TreasuryDirect makes it easy to redeem your online Savings Bonds any time
without assistance from the Treasury or your local financial institution.
Keep in mind that you cannot redeem a Savings Bond before one year,
and if you redeem a savings bond before five years,
you will forfeit the final three months of interest.
After five years, you can redeem your Bonds with no penalty.
To redeem your Bonds, navigate to the ManageDirect
tab within your TreasuryDirect account.
Click the Redeem Securities link under the Manage My Securities Heading.
Click the radio button next to the Security type you wish to redeem,
then the Submit button at the bottom of the screen.
You can select up to 50 Bonds at a time to redeem.
Once you have selected the Bonds you wish to redeem,
you will click Submit.
The Multiple Redemption Request page will show the destination for the funds
and a breakdown of the individual Bonds where you can see the registrations.
Once you click Review, TreasuryDirect will present you
with a summary of the redemption, including the total amount being redeemed,
how much is from the principal,
how much is from the interest, how much is taxable,
and the total amount you will receive.
Clicking Submit will finalize the Redemption Request
and the payment will appear in the account selected
within two business days.
If you wish to redeem only a portion of a Bond,
you would need to navigate to the Current Holdings tab.
Select the Bond type you wish to redeem from
and click submit.
Select the individual Bond you are redeeming from and click the Select button
at the bottom of the screen.
Note that Bonds less than one year old
will not present you with a Redeem button.
Once you click on the Redeem button, you will be presented
with the option to redeem the full amount or a partial amount.
If you choose to redeem only a part of the amount, you must redeem
a minimum of $25 and ensure
that there is at least $25 remaining on the Bond.
You can then select where the payment amount will go
either a bank account on file in TreasuryDirect
or your 0% C of I.
Once you click the Review button at the bottom of the page,
you will be brought to the Redemption Review screen. On this screen,
you may edit the information as needed by clicking the Edit button on the bottom.
You can also cancel the redemption by clicking the Cancel button.
If everything is correct,
click the Submit button to complete the Redemption Request.
The payment should show up in whatever account
you designated within two business days.
And that's it.
That's how you redeem Electronic Savings Bonds in TreasuryDirect.