FAQs about Certificate(s) of Indebtedness (C of I)

We are always looking to improve your experience. Future enhancements are still being determined but we will share information on changes as it becomes available.

TreasuryDirect regularly shares information, so keep an eye out for communications about the website, system, or C of I as it becomes available.

Yes. Beginning March 1st, 2026, Certificate(s) of Indebtedness (C of I) will no longer be available to select as a payment destination in TreasuryDirect. Also, you will not be able to direct funds from your bank account to C of I through BuyDirect. If C of I is already set as your payment destination, there will be no impact to your redemptions and payments, which will continue to be directed to C of I. You will still be able to purchase securities using any C of I you currently hold in your account or redeem C of I to your bank account.

This update simplifies the process of investing with the U.S. Treasury. Moving forward, your bank account will be the primary payment destination.

We are encouraging you not to keep money in your C of I as it does not earn interest. You can use the funds you may already have there to purchase interest-bearing securities or send the money to your bank account. You can also purchase interest-bearing securities using money from your bank account.

Not at this time. Payroll C of I has already been eliminated, and on March 1st, 2026, C of I will no longer be available to select as a payment destination in TreasuryDirect. Also, you will not be able to direct funds from your bank account to C of I through BuyDirect. We are continually evaluating ways to simplify the process of investing with the U.S. Treasury and there may be additional changes to C of I in the future. We will proactively send communications as more information becomes available.

Your redemptions or payments will still be paid out in C of I just as before. You always have the option to move money from C of I to your bank account.

To cash out your C of I, log into your TreasuryDirect account, navigate to the ManageDirect tab, select the “Redeem Securities” link and the radio button “C of I”, then choose a payment destination bank. Learn more about the C of I redemption process. You can also use C of I to purchase a Treasury marketable security.

You don’t earn any interest on money you keep in your C of I.

Redeeming C of I proactively prepares you for upcoming enhancements while also enabling you to make the most of your investment.

You are encouraged to cash C of I now to ensure you are prepared for coming enhancements and so you can make the most of your investment.

If you can't find the answer to your question, call us at 844-284-2676 from Monday-Friday, 8am-6pm.