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buzb3

Buz B.

Contributor Level

Total Points
82

1 Review by Buz

6/8/20

After years of buying EE Bonds every pay day for years they are maturing every month for years to come. I registered all the bonds and sent them in to Treasury Direct thinking that they would deposit the cash in my savings account as they matured every month. That isn't the case though. Every month I have to login to Treasury Direct and redeem the bonds that mature and are available on the 1st of each month, then request they money be transferred to my bank account. Then wait to see what doesn't happen and try again. Over and over. It doesn't work. Take my advise, it is less work and effort to deposit your bonds at your bank and get the credit immediately. The Treasury Direct web site is very hard to navigate, sure you can buy bonds there, but when it comes to turning your cash over to a bank, forget about it, it ain't gonna happen. Believe me don't do it, you'll be sorry when your sitting at home waiting for that deposit month after month.

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