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My elderly Aunt has inherited 2 I $1000 US I Bonds and would like to deposit them to her savings account. Can she do that?
Louise, Toms River NJ 08755
May 2, 2016 11:16:31 AM
In reply to Louise, Toms River NJ 08755
Thanks for sending your question, Louise.
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 find out TD Store locations and hours near you, please visit, 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 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.
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.
We appreciate your visit, Lori and take care!
Alara B, Mount Laurel
May 2, 2016 11:16:51 AM