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There are no periodic interest payments on savings bonds. Instead, the principal and accrued interest are paid out when you redeem the bond. Redemption is the process of turning the bond in for cash.

Savers can cash in a bond after holding it for at least one year. But penalties kick in if you redeem a savings bond within five years of buying it. You'll lose three months' worth of interest ...

If you have a paper savings bond, you can take it to your local financial institution and exchange it for cash — if they offer this service. You will be able to redeem your bond for the current ...

U.S. Treasury Savings bonds may be familiar to long-term investors ... But for those who want to redeem earlier, they can do so through TreasuryDirect.org. Paper I bonds have some extra steps ...

Series I bonds and EE bonds are popular U.S. savings bonds that offer a safe ... (loss of last three months' worth of interest) for redeeming within the first five years Same Same Tax treatment ...