Treasury Direct Lesson learned

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I lost 1 week of interest on $105K because I had the matured bond deposited into my Zero Percent C of I instead of directly into my bank!

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You can schedule redemption of the balance of your Zero Percent C of I if it has been held in your TreasuryDirect account for longer than five business days as follows:

Redeem C of I

* Access your account with your TreasuryDirect account number and password.

* Click the Manage Direct tab at the top of the page.

* Under the heading “Manage My Securities,” click Redeem securities.

* On the “Redemption” page, select the button beside Zero Percent C of I and click Submit. You may redeem all or part of your Zero Percent C of I. Your payment destination must be selected from the list of financial institutions. You can also add a bank account at this time without interrupting your transaction. The payment destination you select will be credited within one business day.

* Click Submit to go to the Review Page. If any information needs to be changed, click Edit and make the changes. Otherwise, click Submit.

* A “Redemption Confirmation” page will be displayed to signify completion of the request. You may wish to print a copy of this page for your records.

* Scroll down to the bottom of the "Redemption Confirmation" page and click Submit.


As noted above the payment destination you select will be credited within one business day.