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I would like to know the requirements for someone to cash a savings bond? I purchased a bond for my daughter in 2001 and as she currently resides in Germany, she asked me to cash in the bond for her.
I appreciate your assistance with this matter.
August 26, 2015 09:10:11 AM
1 person recommended this |
In reply to George, Craftsbury
It's great to have you here on TD Helps, George.
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.
Hope you found this information helpful and have a nice day.
Brian M., Mount Laurel
August 26, 2015 09:11:00 AM
1 person recommended this