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My minor son has some Series EE Bonds that are 7 years old and we wanted to redeem them and put some of the money in his account and then use some of the money for his schooling. What do I need to do in order for this to happen?
April 22, 2016 10:33:49 AM
In reply to Tasha, Morrisville
Thanks for reaching us on TD Helps, Tasha. We'd be glad to point you in the right direction.
We're be happy to share that both TD Customers and Non-TD Customers may redeem Series I and EE/E U.S. Savings Bonds (when the bonds are 12 months old) at any TD Bank Store location, with a valid photo I.D. (Driver's License, Passport, Military I.D. etc.). To take a look at TD Stores and their hours please visit http://bit.ly/TDStores.
Please kindly 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. 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 to see you at a TD Store soon, Tasha and have a good day.
Megan K, Mount Laurel
April 22, 2016 10:34:01 AM