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I recently visited a branch of TD and was told I had to mail in my savings bond in order to cash it. Is the bank no longer offering this service to to account holders?
Diane, New York, NY
October 12, 2015 11:46:24 AM
1 person recommended this |
In reply to Diane, New York, NY
Thanks for reaching us on TD Helps, Diane. We'd be glad to discuss.
We apologize for any inconvenience however you are able to redeem Series I and EE/E U.S. Savings Bonds (when the bonds are 12 months old) at any TD Bank Store. You are able to take a look at TD Stores near you by visiting http://bit.ly/TDStores.
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.
Again we apologize for any inconvenience, Diane. Have a good day.
Megan K, Mount Laurel
October 12, 2015 11:46:50 AM
3 people recommended this