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I have a few bonds that are my daughters (minor)that we would like to cash in. What paperwork is needed and is this possible?
July 21, 2016 08:05:27 AM
In reply to Jean, Philadelphia
Welcome to TD Helps, Jean. We'd be glad to help you redeem savings bonds.
You are able to redeem Series I and EE/E U.S. Savings Bonds (when the bonds are 12 months old). To do so you will need to visit any TD Store during lobby hours. To take a look at TD Stores near you please visit http://go.td.com/1f9DSJR.
Please keep in mind that government regulations require that Non-TD Customers and TD Customers with a bank relationship 6 months or less can redeem up to $1,000.00 redeemed value at any one time with proper ID. We also recommend that you record your own Social Security Number on the back of the bonds. It's your responsibility for claiming the interest gained and it will be sent via 1099 at the end of the year for tax reporting purposes.
For current interest rates and redemption values, including interest earned, you can also call 1-800-US-BONDS (1-800-872-6637) or access the U.S. Government Bonds website at www.savingsbonds.gov.
If you are interested in redeeming other series bonds, such as Series H/HH, please contact the Federal Reserve at 1-800-245-2804 or visit www.treasurydirect.gov.
We hope this helps, Jean, and have a good day.
Megan K, Mount Laurel
July 21, 2016 08:05:39 AM