Talk of The Villages Florida - View Single Post - Redeeming a U.S. Treasury Note - How?
View Single Post
 
Old 10-07-2024, 03:51 PM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 17,525
Thanks: 3,072
Thanked 16,705 Times in 6,606 Posts
Default

Quote:
Originally Posted by Doctor Who View Post
Any bank will be glad to help you. On the Treasury site you will have to include your bank, your account and the bank id. which is located on the bottom of your check. Deposits in about 1 days.
If the Treasury note has not reached maturity, I believe it must be sold to a third party. The Government will not redeem a note until it matures. Brokerage firms will sell bonds and notes to third parties through a competitive market system. Banks may do the same thing, but they tend to be more expensive than a brokerage firm, like Fidelity.

I have a checking account at Truist bank. But, when I invest in stocks, bonds, notes, and CDs, I stay far away from banks. Brokers, like Fidelity, Vanguard, and Schwab, are a much better deal.

Last edited by retiredguy123; 10-07-2024 at 04:36 PM.