Key points
- Electronic I bonds can be cashed online through TreasuryDirect.gov.
- Paper I bonds can be cashed online, or they may be accepted by some banks.
- If you hold an I bond for less than five years, you’ll lose three months’ interest.
I bonds have been a popular investment option recently. Many people purchased them as inflation rose and I bond interest rates hit levels not seen in years.
Whether you bought I bonds or are considering doing so, you may be wondering how to sell them. The answer depends on whether you have electronic or paper I bonds. Either way, the government makes the process relatively simple.
But first, you must understand how I bonds work and how long you need to hold them. We’ll cover that and then get into the nitty-gritty of selling them.
What are I bonds? And how do I bonds work?
I bonds are a type of savings bond issued by the U.S. Department of the Treasury….
