Important Change - U.S. Savings Bonds are Going Paperless
December 21, 2011
The Bureau of the Public Debt announced that as of January 1, 2012, paper savings bonds will no longer be sold at financial institutions. This action, which supports the U.S. Department of the Treasury’s goal to increase the number of electronic transactions with citizens and businesses, will save American taxpayers approximately $70 million over the first five years.
But savings bonds are not going away. Electronic savings bonds in Series EE and I will remain available to purchase and manage through TreasuryDirect®, a secure, web-based system operated by Public Debt – where investors have been purchasing savings bonds since 2002.
To learn more about TreasuryDirect and how to purchase savings bonds going forward, please click here.