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What happens if I close my CDP or SRS account before the bonds are credited?
- If you close your CDP account, CDP will be unable to credit the Savings Bonds into your account. CDP will not allow you to close your account if there are pending transactions, securities holdings, or outstanding dividends.
- If you close your SRS account, your SRS Operator will be unable to credit the Savings Bonds into your account. Therefore, your SRS Operator may not allow you to close your account if you have a pending transaction.
This information is sourced from MAS.
Related questions
Is there any scenario under which I am allowed to transfer my Savings Bonds?
Why do I need to open a CDP Securities account to buy Savings Bonds using cash? Can I use my joint CDP Securities account to buy Savings Bonds?
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Why do I need to open a CDP Securities account to buy Savings Bonds?
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Can Savings Bonds be placed into a joint CDP Securities account?
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