Transfers between Savings Bond series

Friday, August 5th, 2005
Categorized as: Yesterday's News (old post archive)

I assume it’s possible to transfer Series EE Savings Bonds to either Series I bonds or Treasury securities. If so, is it possible to avoid taxes on the accrued interest by doing that transaction?

Tom’s response

Actually, there’s no direct method of making a transfer like this. All you can do is redeem one and purchase the other. Interest income is taxable in the year you make the redemption.

Rate this post (1 to 5 stars):  1 Star2 Stars3 Stars4 Stars5 Stars  (No Ratings Yet)
Loading...

FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:

No comments yet.

Comments Closed

June 1, 2010

After six years, over 400 posts, 3,680 real comments, and over 90,000 spam comments (thank you, Akismet, for making managing a blog with comments possible), I am closing public comments on Savings-Bond-Advisor.com. I will contine to update the main articles on this site, but not the comments.

Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for. If you have a copy of Savings Bond Advisor, you can ask me a question here.

Tom Adams

Savings Bond Calculator



Help

Savings Bond
Questions

Get an answer to your questions from the Treasury's Savings Bonds team.

Click below to ask a question.

Ask the Treasury

TreasuryDirect

Invest online in Savings Bonds or
marketable Treasury securities.

Deal directly with the U.S. Treasury.

More info

Enroll

Log in