![]() But you may want to convert already matured E, EE, or I bonds to accumulate money in your TreasuryDirect account and use that money to buy new savings bonds or other Treasury securities. Cashing bonds that no longer earn interest. Yes, but… As we said above, it's faster and easier to get your money for them from your bank or by just having us cash them. If you have trouble either setting up or using a Conversion Linked Account, go to the help inside the TreasuryDirect program. When you prepare your paper bonds to submit for conversion, do NOT sign the back of the bonds.In the Manage My Conversions menu, select How to Convert My Paper Bonds.Review the information about conversion linked accounts.In the Manage My Linked Accounts menu, select Establish a Conversion Linked Account.Once you have a TreasuryDirect account, here's how you convert your paper EE or I bonds: Learn about TreasuryDirect Open a TreasuryDirect account have responsibility for as the account manager for a trust, estate, corporation, or some other entity (See About entity accounts).own now through some other change in ownership.got as an inheritance (see Death of a savings bond owner).bought as a gift for someone else (if you haven't delivered them yet).own yourself, co-own with someone else, own with a beneficiary.Once you have a TreasuryDirect account, you can exchange paper EE or I savings bonds for electronic bonds that you ![]() Once they are electronic, you can't turn them back into paper bonds. We only convert bonds from paper to electronic format. If the bond is still earning interest, converting it is not a taxable event. It has the same ownership, the same maturity date, the same interest rate, and the same schedule for interest payments as before. When you convert a bond, it keeps its basic characteristics. (You only have to pay the postage for sending us your paper bonds.) ![]() We don't charge any fees for you to set up or use a TreasuryDirect account.
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