How to collect HH-like interest payments from series EE or I savings bonds
Friday, January 27th, 2006
Categorized as: Savings Bond interest rates • Series HH or H US Savings Bonds • Treasury Direct
I have EE bonds from 1992 and 1993. I’m thinking about converting them into HH bonds. Do they still have those? I’d like to collect the interest from the bonds.
Tom’s response
Series HH bonds are no longer issued. But your bonds will earn interest for 30 years, which means they’re good until 2022 - 2023.
If you’d like to collect interest payments from these bonds, what you can do is open an online account directly with the Treasury using TreasuryDirect.
Once your account is open, use it to send a message asking that the account be set up to allow conversion of paper Savings Bonds. They’ll set it up for you and you can follow their instructions to convert your paper bonds to electonic bonds.
At that point, you will be able to withdraw money from the bonds. Each withdrawal must be for at least $25, but there are no other conditions. You can withdraw what you’re earning in interest or a little more or a little less.
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Tom Adams
[…] A final thought - if you're thinking of switching to an annuity in order to get monthly income, you can accomplish that with Savings Bonds, too. For more information on this, see my post on how to collect monthly payments of Savings Bond interest. […]
I HAVE 125 SERIES EE SAVINGS BONDS OF DIFFERENT DENOMATIONS FROM ISSUE DATES 1983 TO 1991. ARE THESE BONDS ELIGIBLE TO BE CONVERTED TO ELECTRONIC BONDS WHICH PERMIT ME TO WITHDRAW INTEREST?
ADVISE
Edith - yes, you can do that. See my page on how to covert paper bonds to TreasuryDirect for more information.
Tom Adams