Ask Terry Questions HH Bond Redemption Delays

HH Bond Redemption Delays

By Terry Savage on October 26, 2022 | Chicken Money

This is not so much a question as an update to a prior question regarding delays in cashing matured HH Savings Bonds. I had written previously about a matured HH Bond that I sent into Treasury for redemption on July 6, and was delivered to their Minneapolis PO Box on July 11. Several weeks passed without any news on this. I finally received the direct deposit to my checking account on October 8. I have not received any documentation from Treasury regarding taxes or such, but expect that after the first of the year. So in my case, the time frame from mailing a bond to receiving the cash turned out to be 2 months, which is longer than I expected. My experience may be helpful to your readers. Thanks.

Terry Says

Gosh, that’s amazing. But at least you finally got your money! Let me know if you get your 1099 in January.

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