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when are funds from maturing bond available?
Posted: Fri Jan 10, 2025 4:32 pm
by miket29
I have a Treasury bond held in a brokerage account that is maturing Jan 15th and I want to reinvest the proceeds. I'm wondering how the maturity process works. Do the funds get deposited in my account at the close of business on the 15th? Or is there a delay of a day or two? Or something else?
Re: when are funds from maturing bond available?
Posted: Fri Jan 10, 2025 4:38 pm
by rbd789
Answers may vary, so you may want to name your specific brokerage.
My experience at Fidelity is that you would see the funds available in the morning, on the 15th.
Re: when are funds from maturing bond available?
Posted: Fri Jan 10, 2025 4:52 pm
by miket29
rbd789 wrote: Fri Jan 10, 2025 4:38 pm
Answers may vary, so you may want to name your specific brokerage.
It is Fidelity