If a fire burns your residence and paper bonds, how do you redeem the bonds? I've never owned paper bonds before, so I'm genuinely curious.I'd say the only downside is the lack of paper bonds. My mom and I spent 8 hours with TD on the phone once to cash 2 inherited $50 electronic bonds my dad had with my kids as beneficiaries. After that, I was done with TD besides paper. I'm otherwise a huge fan of iBonds and hold nearly $500k in paper bonds. I can drive the 5 miles to DCU and cash them right now, if I wanted to. I've done that before and the instant I leave the teller, it's in my account with no hold.
For me, the downside counter to cash is that I can't cash them on Sundays or after hours when DCU us closed.
Statistics: Posted by ApeAttack — Sat Feb 22, 2025 12:02 am