Savings Bond Redemption

Savings bond redemption refers to the process of cashing in a savings bond to receive its monetary value. When you purchase a savings bond, it earns interest over time. Once the bond reaches maturity, or after a certain period (usually several years), you can redeem it, either through a bank, online, or via mail. The amount you receive depends on the bond's face value and accrued interest. It’s important to redeem bonds after they've matured to maximize your returns, as cashing them in early can lead to loss of interest.