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Why is there cash in my Bond Account?
Why is there cash in my Bond Account?
Updated over 2 months ago

Bonds are purchased at either a discount or a premium depending on the current market. If the majority of the bond allocation is purchased at a discount there will be leftover cash after trade execution. Your leftover cash, along with interest payments, deposits, and maturity proceeds are all allocated to the Bond Cash Account. When the Bond Cash account reaches $100 a new bond purchase will be completed automatically into the Bond Account allocation pursuant to the Buy Order Methodology. Cash held in the Bond Account that cannot be invested and does not earn yield but it can be withdrawn. If you would like to withdraw cash from this account, you can follow the instructions here.

For further questions regarding cash in your Bond account please contact Member Support via in-app chat or email at support@public.com.

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