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Bank Will Not Redeem Series I Bond: Why?

I recently went to my bank, which is a TD Bank located in Smithtown NY. I wanted to cash in a Series I Bond for $5,000. They refused me, saying that the bond department told them they were unable to cash any more I Bonds. Is this for real? I could not believe this. I have an account there, and cashed in a bond there two weeks ago. Has something changed since? This happened on 11/30/09.

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We don't know the particular issues with your request, the bonds or the bank's policies, but would refer you to this government site so that you can get more information and find out how you can get this cashed now.

Published on BankingQuestions.com 12/29/09