Redeeming – Getting Your Money When a Treasury Marketable Security Matures
The full term of Treasury marketable securities varies from a few weeks for some bills to 30 years for some bonds and TIPS. When the security reaches its full term, we say it has matured.
When a security that you own matures, you can either:
- get the money (redeem it), or
- sometimes reinvest the money in another security of the same type
This page is about redeeming (taking the money). Also see our page on reinvesting.
Redeeming from TreasuryDirect
If you have not told us to reinvest the money from a matured security, we pay you the value of the security automatically on the day the security matures. You don’t have to do anything.
We deposit the money in your Certificate of Indebtedness (C of I) or your designated bank account.
Redeeming from Legacy Treasury Direct
If you still have notes, bonds, or TIPS in Legacy Treasury Direct, a program we are phasing out, we pay you as directed in your account when the security matures. You don’t have to do anything.
Note: You can’t reinvest a security held in Legacy Treasury Direct. You may transfer the security to a TreasuryDirect account or to a bank, broker, or dealer for reinvesting. See our pages on transferring and reinvesting a security.
If you have a paper Treasury marketable security or paper coupon from a Treasury marketable security, go to Dealing with a paper Treasury marketable security.
Does a bank, broker, or dealer hold your marketables? Talk to them about the options for redeeming your Treasury marketable securities.