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What is Pending Maturity status?

April 26, 2017maturity Status

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What is Pending Maturity status?

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Pending Maturity status refers to securities that are reaching their maturity date. Once a savings bond matures, the proceeds will be used to purchase a Zero-Percent C of I on the next business day. Marketable security payments are sent to your designated maturity and interest payment destinations (if applicable). When a security has a Pending Maturity status it is ineligible for certain transactions.