Investors can control what happens when a treasury account bond matures or they receive an interest payment in the Treasury Account settings. There are three options:
Purchase the longest duration bond in your allocation: reinvest principal from matured bonds into the longest duration bond in your allocation (e.g., if your allocation includes 6 month, one year, and two year treasuries, a new two year treasury is purchased).
Purchase a similar bond: reinvest principal from matured bonds into the similar duration bond (e.g., if a 6 month treasury bill matures, a new 6 month treasury bill will be purchased.
Withdraw cash to brokerage: withdraw principal from matured bonds to your brokerage account.
The default option is that proceeds will purchase the longest duration bond in your allocation. Bond purchases can only be executed in $100 increments.
You can adjust your account’s reinvestment option here.
For further questions or information regarding the Treasury Account, please contact Member Support via in-app chat or email at support@public.com.