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RESEARCH CENTER

Reinvest or Redeem Treasury Notes

What you can do with your Treasury note when it matures depends on where you hold the note.

  • If you hold a note in TreasuryDirect, when the note matures you can redeem it or reinvest* it.
  • If you hold a note in Legacy Treasury Direct,** we redeem the note when it matures.
  • If you hold a note with a bank or broker, consult the bank or broker to learn your options.

TreasuryDirect

Reinvest

If you hold a note in TreasuryDirect, you can use the proceeds from the maturing note to buy another note of the same term.  This is a reinvestment.  For instance, if you own a 5-year note, you can use its proceeds to reinvest into another 5-year note. 

You can schedule a reinvestment either when you buy your original security or up to four business days before the original security matures.  Once you schedule a reinvestment, you can edit or cancel it within the same time frame.  For any of these functions, log in to TreasuryDirect, go to the "ManageDirect" page, find "Manage My Securities," and proceed.  See Learn more about Reinvesting Maturing Proceeds

Redeem

To redeem your bills, notes, bonds, or TIPS, you don't need to take action. If you do not provide instructions to deposit the security's proceeds into your C of I, it will be deposited into your designated bank account. The deposit is made on the day your security matures.

Legacy Treasury Direct**

Reinvest

We are phasing out Legacy Treasury Direct and no longer allow reinvestments in that system.

Redeem

To redeem your note, you don't need to take action. On the day the security matures, we deposit its proceeds into your bank account.

*Some 10-year notes are reopenings of previously issued securities. If you buy or reinvest into a reopened note, you may owe accrued interest and a premium. The offering announcement press release will show the accrued interest per $1,000. We automatically collect the total amount due. For more information, Notes Rates and Terms.

**Legacy Treasury Direct is being phased out.