Small Business Banking
Private Client Group
Personal Financial Services
For the quickest answer, search previously asked questions below. Chances are, others have asked a similar question and there's already an answer waiting for you. If you can't find a match, ask a new question and our team members will answer.
I see many questions and answers about savings bonds but I don't see specifically if there is a wait time to receive the money. Can I cash them in and receive the money instantly?
August 24, 2016 06:45:28 AM
In reply to sarah, bristol
Thanks for your question, Sarah. We'd be glad to help you redeem a savings bond.
You'll be happy to know that you may certainly redeem Series I and EE/E U.S. Savings Bonds (when the bonds are 12 months old) at any TD Bank Store location. 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 at any one time with proper ID.
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. Keep in mind that once redeemed you will leave with funds in hand.
You can also call 1-800-US-BONDS (1-800-872-6637) or access the U.S. Government Bonds website at www.savingsbonds.gov for current interest rates and redemption values, including interest earned.
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 clears things up, Sarah. Have a good day.
Megan K, Mount Laurel
August 24, 2016 06:45:39 AM