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U.S. Savings Bonds are Going Paperless.
As of January 1, 2012, paper savings bonds will no longer be sold at Financial Institutions, however, electronic savings bonds in Series EE and I will remain available through purchase in TreasuryDirect, a secure, web-based system operated by Public Debt. Available 24-hours a day, 7 days a week, investors have been purchasing savings bonds from TreasuryDirect since 2002.
Opening a TreasuryDirect account is free, and, once established, investors can:
- Buy, manage, and redeem Series EE and I electronic savings bonds.
- Convert Series EE and I paper savings bonds to electronic through the SmartExchange feature.
- Purchase electronic savings bonds as a gift.
- Enroll in a payroll savings plan for purchasing electronic bonds.
- Invest in other Treasury securities such as bills, notes, bonds, and TIPS (Treasury Inflation-Protected Securities).
Those currently holding paper savings bonds can continue to redeem them at Blackhawk Bank & Trust. Bonds, which have not matured, but were lost, stolen or destroyed, can be reissued in paper or electronic form.
For common quesitons and answers regarding the electronic sale of U.S. Savings Bonds, click here.
To enroll, please visit www.treasurydirect.gov.
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