Reinvest or Redeem Treasury Bonds

What you can do with your Treasury bond when it matures depends on where you hold the security.

  • If you hold a Treasury bond in TreasuryDirect, when the bond matures you can redeem it or reinvest it*.
  • If you hold a Treasury bond in Legacy Treasury Direct,** we redeem the security when it matures.
  • If you hold a Treasury bond in paper form, we redeem it when you present it to us.
  • If you hold a Treasury bond with a bank or broker, consult the bank or broker to learn your options.



If you hold a Treasury bond in TreasuryDirect, you can use the proceeds from the maturing bond to buy another Treasury bond. This is a reinvestment.

You can schedule a reinvestment either when you buy your original security or up to four business days before the original security matures.

TIP: If you schedule a reinvestment of a bond, we recommend this: Sometime in the eight weeks prior to the maturity date of the bond--but before the last four business days--log in to your account and see whether the bond will reinvest into the type of bond you want. Due to unscheduled re-openings, which occur occasionally, a 20-year bond might be set to reinvest into a 30-year bond, or vice versa. If you don't want the scheduled reinvestment, you can cancel it.

To cancel or edit a reinvestment, log in to TreasuryDirect, go to the "ManageDirect" page, find "Manage My Securities," and proceed.  See Learn more about Reinvesting Maturing Proceeds


To redeem your Treasury bonds, you don't need to take action. If you do not provide instructions to deposit the security's principal into your C of I, we deposit the principal into your designated bank account. The deposit is made on the day your security matures.

Legacy Treasury Direct**


We are phasing out Legacy Treasury Direct and no longer allow reinvestments in that system.


To redeem your Treasury bond, you don't need to take action. On the day the bond matures, we deposit its proceeds into your bank account.

Paper Bonds

The last Treasury bond in paper form matured in 2016.

For information on paper Treasury bonds:

  • Send an e-mail
  • Call us at 844-284-2676 (toll free)
  • Write to:
    Treasury Retail Securities Services
    P.O. Box 9150
    Minneapolis, MN 55480-9150

*Some Treasury bonds are reopenings of previously issued securities. If you buy or reinvest into a reopened bond, you may owe accrued interest and a premium. The offering announcement press release will show the accrued interest per $1,000. We automatically collect the total amount due. For more information see Bonds Rates and Terms.

**Legacy Treasury Direct is being phased out.