Why do I need to open a CDP Securities account to buy Savings Bonds using cash? Can I use my joint CDP Securities account to buy Savings Bonds?
- CDP is the custodian for Savings Bonds. You will need to have an individual CDP Securities account to hold your Savings Bonds if you are applying with cash.
- Savings Bonds may not be held in any other types of CDP accounts (such as joint accounts).
This information is sourced from MAS
Related questions
Why do I need to open a CDP Securities account to buy Savings Bonds?
Can Savings Bonds be placed into a joint CDP Securities account?
Can I purchase Savings Bonds in joint name or under a trust account?
Can my bank assist with the opening of CDP account and same day investment of Savings Bonds at any of its bank branches?
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