If you have an old savings bond that your grandma gifted you for a birthday or graduation, the first order of business is to say thank you. Your grandmother gave you a government-backed investment with guaranteed returns—which is more than many investments can offer. But now, you might wonder when and how to turn that savings bond into cash.
Here’s the good news: Cashing in savings bonds is generally an easy process. The exact process will depend on the type of bond, but either a local bank or the Treasury Department can help you transform grandma’s gift into cash in hand.
