Make a Smart Exchange. Turn your paper bonds into something better.
It was once tradition in Texas and across the country. Reach a certain birthday, earn a diploma, or have a baby, and someone would give you a U.S. Savings Bond worth $50, $100 or more. But a few years ago, the government decided to stop issuing paper bonds and to sell only electronic versions. If you're still holding paper, you can easily convert it. That will make it easier to keep tabs on your investment.
Treasury Direct Accounts
The government calls converting bonds a Smart Exchange. To begin the process, you'll need to open a Treasury Direct Account by completing the application
. After that, log in, click “Manage Direct,” then select “Establish a Conversion Linked Account” in the "Manage My Linked Accounts" menu. You'll then need to establish a Conversion Account page. Click "Create Account.” Next, click “Manage Direct,” then select “How to Convert My Paper Bonds” under the “Manage My Conversions” menu and follow the instructions.