Savings Bonds

A savings bond is an investment certificate that is issued by the United States government and sold to the general public. They can be purchased in set denominations and bear values ranging from $50 to $10,000. They are typically purchased as gifts at a discount to their face value and, once purchased, they begin to accrue monthly interest at a fixed rate up until their maturity date. Bonds mature after 20 years, at which point your investment will have doubled in value. For example, if you buy a $50 savings bond for $25, that means that after 20 years you can cash in your savings bond for at least $50. Savings bonds are backed by the full faith and credit of the United States government.

To learn more about how to purchase a savings bond, visit the TreasuryDirect website and click on the “Guided Tour” button on the right-hand side of the page.

If you have a savings bond that you would like to redeem, you have two options for redemption:

• VyStar Credit Union members are welcome to visit their local VyStar branch to redeem their savings bonds in person.
• Savings bonds can also be redeemed online at the TreasuryDirect website.

VyStar redeems EE, I, A, B, C, D and E bonds.

VyStar is unable to redeem bonds:

• Issued in a member’s former name due to adoption or divorce (Note: If the member’s name has changed due to marriage, the member may show a marriage license)
• Issued in the name of a corporation, partnership or association
• Issued to, or in the name of, a trust
• Presented by
  • An Attorney-in-Fact (Power of Attorney)
  • A voluntary guardian
  • A court-appointed legal representative
  • A representative of the estate for the last deceased person on the bond (all owners and beneficiaries are deceased)
• Altered, mutilated or irregular
• Series F, G, J, K, H or HH