Savings bonds going paperless after Dec. 31
July 18, 2011 12:58AM
Updated: July 18, 2011 2:07AM
For the first time in 76 years, paper U.S. Savings Bonds will no longer be sold at banks and credit unions, the Treasury Department reports. Investors who want to buy Savings Bonds after Dec. 31 will need to buy them electronically through TreasuryDirect.gov , a Web-based program offered by Treasury’s Bureau of Public Debt.
The shift from paper to electronic Savings Bonds is expected to save the government $70 million over the next five years.