Can I gift a savings bond in my name?

Can I gift a savings bond in my name?

If you wish to give your series EE bonds as a gift, you can have the U.S. Department of the Treasury reissue them in the name of your beneficiary. The agency provides a form you can use to initiate the process and makes it available online or by mail.

How do I gift a savings bond?

  1. Go to www.treasurydirect.gov.
  2. Log into your TreasuryDirect account (or open one in your name).
  3. Purchase the type of savings bond you wish (Series EE or Series I), in the desired denomination ($25 to $10,000).
  4. Deliver the savings bond gift to the recipient’s TreasuryDirect account.

What is the smallest savings bond you can buy?

You can buy electronic bonds in any denomination between $25 and $10,000, down to the penny. They’re bought at face value: A $50 bond costs $50. Interest begins to accrue at the point of purchase.

How long does it take a Series I bond to mature?

20 years

What do I do if I lost my savings bonds?

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).

How do I replace my savings bonds?

To request a substitute electronic bond in a TreasuryDirect account:

  1. Fill out FS Form 1048 (download or order).
  2. Take the filled-out form to your financial institution and have your signature certified according to the instructions on the form.
  3. Mail the completed form to: Treasury Retail Securities Services. P.O. Box 214.

What happens to unclaimed savings bonds?

Passing the Unclaimed Savings Bond Act will allow state treasurers and other state officials who administer unclaimed property programs to return more than $25 billion in unclaimed savings bonds to the rightful owners.