Redeeming a U.S. Treasury Note - How?
 

I have a Treasury note held through the Treasury Direct website. I want to redeem it before maturity.

Treasury Direct states that I must request to "transfer the security to a bank, broker, or dealer (to the commercial book-entry system)".

Can this be any bank, for example Citizens First (I have an account there)?

Are there brokers or dealers in The Villages that would do this?

Thank you.

Fidelity. I think they will sell it for you on the open market. Personally, I would not do business with a bank.

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.

Thank you everyone for the responses to this person's post! I have had one since 2001 that I got from my father and had no clue what to do with it.

You do it right on the Treasury Website. You transfer it right into your bank using your banks routing number and account number. It works like any bank-to-bank transfer.

But, doesn't that just transfer the note to the bank? You can also transfer the note to Fidelity or any other brokerage company in the same manner. However, if the note has not matured, it needs to be sold to a third party before you can get any actual cash. I think a brokerage company is less expensive and more efficient than a bank when selling a non-matured Treasury note, which is what the OP wants to do.