Over-the-Counter Sales of Savings Bonds Ended in 2011
Customers can buy electronic bonds online at www.treasurydirect.gov
The U.S. Department of the Treasury ended over-the-counter sales of paper savings bonds on December 31, 2011, including sales through financial institutions and applications mailed directly to the Federal Reserve Bank by customers. This move is expected to save taxpayers an estimated $70 million over the next five years.
Although paper bonds are discontinued, electronic Series EE and Series I Savings Bonds will remain available for purchase via TreasuryDirect. This secure, web-based system, operated by the Bureau of the Public Debt, has been used by investors since 2002 to purchase savings bonds online.
As a trusted resource for savings bond buyers, we can serve our customers by making them aware of these changes and explaining how they can use TreasuryDirect to buy electronic bonds.
Source: U.S. Department of the Treasury, Bureau of the Public Debt
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