Savings Bonds are a great tool to help teach the valuable lesson of saving for a rainy day. They make great birthday and graduation gifts and are popular choices for saving for education expenses.
As of January 1, 2012, the U.S. Department of Treasury ended the sale of paper Savings Bonds at financial institutions. This action supports the Treasury’s goal to increase the number of electronic transactions with citizens and businesses. However, Savings Bonds, introduced in 1935, are not going away. Electronic Savings Bonds in Series EE and I will remain available for purchase via TreasuryDirect®, a secure, web-based system operated by Public Debt – where investors have been purchasing Savings Bonds since 2002.
Existing paper bonds are still valid and will earn interest for 30 years from the issue date, or until redeemed. Customers can continue to cash savings bonds at any of our branch locations.
For complete information click on U.S. Savings Bonds to learn more.