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Must I redeem Savings Bonds through the same bank that I applied through? If I made my Savings Bonds application via Bank A, can I redeem my Savings Bonds via another Bank (e.g. Bank B)?


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Updated by MAS
  • For cash investments, you do not need to submit redemption requests through Bank A. You may redeem your Savings Bond via Bank B. Bank B’s transaction fees will apply. Redemption proceeds will be credited to your designated DCS bank account with CDP.
  • For SRS investments, your redemption request must be submitted via your SRS Operator. Redemption proceeds will be credited back to your SRS account with the operators.

This information is sourced from MAS


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