The registration determines who gets the interest on the bond, who can cash the bond, who can change the registration later, who can do other tasks with the bond, and what happens if the owner dies.
Paper bonds: You see the registration information on the bond.
Electronic bonds: You see the registration information in your TreasuryDirect account.
This page is for individual owners (not entities like estates, trusts, corporations, and so on). For estates, trusts, corporations, and other entity registrations: About entity accounts
You have 3 options for registering your savings bonds for people (not entities).
These options also apply to savings bonds you buy for a child under 18 and to savings bonds you buy as gifts for people.
You may be able to save on federal taxes by using the interest from a savings bond you cash when you, your spouse, or your child goes to an eligible college or other higher education institution.
However, the IRS rules are that the owner of the bond must be 24 years or older when buying the bond.
So, if you plan to use this tax exclusion, don’t register the bonds with the child as an owner. You must be the owner or, if you are married, you may make yourself and your spouse the owners. To use the exclusion, the child may be a beneficiary but cannot be the owner or co-owner of the bond.
If that person dies, the bond becomes part of their estate.
Our names for this type of ownership:
Paper bonds: "single ownership"
Electronic bonds: "sole ownership"
Example: LESLIE DOE
However, if the owner dies, instead of the bond going into the person's estate, the beneficiary automatically becomes the single or sole owner.
The beneficiary must be a person, not an entity.
The registration says "POD" standing for "PAYABLE ON DEATH."
Example: LESLIE DOE POD DANA DOE. Leslie is the owner and Dana is the beneficiary.
If one owner dies, the other becomes the single or sole owner.
Neither owner can be an entity.
What co-owning means differs for electronic and paper bonds:
Co-owned electronic bondsThe first-named owner is the primary owner. The second-named owner is the secondary owner.
The registration says "WITH."
LESLIE DOE SSN xxx-xx-6789 WITH DANA DOE SSN xxx-xx-4321
Co-owned paper bondsEither owner may cash the bond without the knowledge or approval of the other. Both owners must sign for most other transactions.
The registration says "OR."