Reinvest or Redeem Treasury Bills, Notes, Bonds, and TIPS
If you're a customer of TreasuryDirect or Legacy Treasury Direct and you hold a Treasury bill, note, or bond until it matures, at maturity you can redeem the security or in some cases reinvest it - reinvest means use the security's proceeds to buy another security.
NOTES:
- At this time, you cannot reinvest TIPS in either system; at maturity, your TIPS is redeemed.
- If you hold a security with a bank, broker, or dealer, consult the bank, broker, or dealer to learn your options.
- Legacy Treasury Direct is being phased out. Reinvesting and purchasing within the program will end after the auctions on October 22, 2012. Until then, the only reinvestments permitted are 13-week, 26-week, and 52-week bills into 13-week and 26-week bills.
TreasuryDirect
Reinvest
If you hold a bill, note, bond, or TIPS in TreasuryDirect, you can use the proceeds from the maturing security to buy another security of the same type and term. This is a reinvestment. For instance, if you own a 52-week bill, you can use its proceeds to reinvest into another 52-week bill.
You can schedule a reinvestment either when you buy your original security or generally up to four days before the original security matures. Once you schedule a reinvestment, you generally 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
Reinvesting and purchasing within the program will end after the auctions on October 22, 2012. Until then, the only reinvestments permitted are 13-week, 26-week, and 52-week bills into 13-week and 26-week bills.
You can reinvest by these methods:
- Web
Available 24 hours a day, seven days a week. - Phone
Available 24 hours a day, seven days a week, at 800-722-2678. - Mail
- Mail us the notice we mail to you about 45 days before your bill matures.
- Submit a "Reinvestment Request" (PD F 5180).
NOTE: To reinvest only a portion of your maturing security’s proceeds, use the "Reinvestment Request."
You can ask us to cancel or change a reinvestment. Do this by:
- Phone. Call 800-722-2678, choose option #5, and speak with a customer service representative.
- Fax. Submit information to 304-480-7728.
- Mail. Send information to your Treasury Retail Securities Site.
Redeem
To redeem your security, you don't need to take action. On the day the security matures, we deposit its proceeds into your bank account.
NOTICE: Some TIPS, some 10-year notes, and some 30-year bonds are reopenings of previously issued securities. If you buy or reinvest into a reopened security, you may owe accrued interest and a premium. The offering announcement press release will show the accrued interest per $1,000. If you use Pay Direct, we automatically collect the total amount due. For more information, see TIPS Rates and Terms, Notes Rates and Terms, or Bonds Rates and Terms.
*Legacy Treasury Direct is being phased out.
