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I have 2 US Savings Bonds I Series Bonds that I want to cash to finance my son's college tuition. Both my wife and my son have TD accounts; I do not have a TD account. The amounts are more than $1000. Will TD cash these Series I bonds for us? Thanks.
October 19, 2015 05:53:25 PM
Saving & Managing Your Money
In reply to Paul, Philadelphia
Welcome to TD Helps, Paul and thank you for sending your question this way.
We'll be happy to clarify 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 proper ID. To find out TD Store locations and hours near you, 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. 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.
We hope the information provided helps. Let us know if you have any further questions.
Customer Service Team, Mount Laurel
October 19, 2015 05:54:18 PM