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Hi,
New to the forum; really appreciate you all sharing your knowledge.
I have a question on the best way to redeem a bearer bond. The bank that manages the bond says to send it to them to redeem (it matures next month). We have been sending the coupons in with no problem, but they are for a relatively small amount. The bond is for the principle and so I want to be a little more cautious since it is a bearer bond. Can you give me some advice on the best way to send this that provides the best protections. I thought the I should Fed-ex with the face value amount of insurance. Anything else?
Thanks,
Michael
New to the forum; really appreciate you all sharing your knowledge.
I have a question on the best way to redeem a bearer bond. The bank that manages the bond says to send it to them to redeem (it matures next month). We have been sending the coupons in with no problem, but they are for a relatively small amount. The bond is for the principle and so I want to be a little more cautious since it is a bearer bond. Can you give me some advice on the best way to send this that provides the best protections. I thought the I should Fed-ex with the face value amount of insurance. Anything else?
Thanks,
Michael