Purchase Complete — TreasuryDirect (2024)

FAQs

How long does it take to get money from TreasuryDirect? ›

You just bought a security from the U.S. Treasury. Securities are generally issued to your account within two business days of the purchase date for savings bonds or within one week of the auction date for Bills, Notes, Bonds, FRNs, and TIPS.

It takes just 3 steps to open a TreasuryDirect Account.

Provide personal information, including: Tax ID Number (SSN or EIN) E-mail Address. Bank Account and Routing Number.

About TreasuryDirect.gov

Your investments are backed by the full faith and credit of the United States government.

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.

You can cash in (redeem) your I bond after 12 months. However, if you cash in the bond in less than 5 years, you lose the last 3 months of interest. For example, if you cash in the bond after 18 months, you get the first 15 months of interest. See Cash in (redeem) an EE or I savings bond.

Series EE savings bonds are a low-risk way to save money. They earn interest regularly for 30 years (or until you cash them if you do that before 30 years). For EE bonds you buy now, we guarantee that the bond will double in value in 20 years, even if we have to add money at 20 years to make that happen.

They're available to be cashed in after a single year, though there's a penalty for cashing them in within the first five years. Otherwise, you can keep savings bonds until they fully mature, which is generally 30 years. These days, you can only purchase electronic bonds, but you can still cash in paper bonds.

3 Month Treasury Bill Rate is at 5.25%, compared to 5.25% the previous market day and 5.16% last year. This is higher than the long term average of 4.19%. The 3 Month Treasury Bill Rate is the yield received for investing in a government issued treasury security that has a maturity of 3 months.

Securities purchased through TreasuryDirect cannot be sold in the secondary market before they mature. This lack of liquidity could be a disadvantage for investors who may need to access their investment capital before the securities' maturity.

What is the downside to buying Treasury bonds? ›

These are U.S. government bonds that offer a unique combination of safety and steady income. But while they are lauded for their security and reliability, potential drawbacks such as interest rate risk, low returns and inflation risk must be carefully considered.

One main limitation is that these bonds cannot be bought or sold on the secondary market. This means that once you purchase an I Bond, you are committed to holding it until maturity or redeeming it with the Treasury, subject to certain restrictions. Another potential downside is the purchase limit.

When you cash your bonds online, the cash generally transfers to your checking or savings account within two business days of the request.

How do I cash my electronic bonds? Go to your TreasuryDirect account. Go to ManageDirect. Use the link for cashing securities.

Savings Bond purchases are generally issued to your TreasuryDirect account within one business day of the purchase date. If you select a non-business day as your purchase date, we will change it to the next available business day.

Cashing a Series HH savings bond where you are named on the bond and you send it in requires at least 3 months of processing time. All other requests may require 6 months or more to process. The annual purchase limit for Series I savings bonds in TreasuryDirect is $10,000.